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All Forum Posts by: Erin Foley

Erin Foley has started 1 posts and replied 1 times.

Wholesaling

Post: Advice on securing wholesale fee

Erin FoleyPosted
  • Posts 1
  • Votes 0

Morning!

I am working on my first wholesale deal, and found a seller who wants to sell several properties. . I had already been in touch with a cash buyer who expressed interest in the lot…..problem is that I didn’t get a contract on my own with the wholesale fee figured in. The buyer quoted me a figure for the wholesale fee verbally  

Now that there buyer is  putting together an offer, he’s encouraging me to work with the seller to pay the wholesale fee. I likely screwed up by not making an offer independently and issuing a contract….is there any recommended path to take to ensure I’m not edged out of the process?

0 Votes