All Forum Posts by: Patrice Blain

I have heard so many stories about wholesaling to start off and it sounds great but I never hear about the situation when you don't have a buyer and are stuck buying a property that you don't necessarily want. How many of you have had this happen, especially as a newbie, and how did it play out?

NEVER, if you cannot find a buyer, well it's not a deal. If you have a good deal the money will find you, buyers are the easy part

BTW, why would you not want it if it's a great deal? Biggest mistake of my life was not keeping 50 more of the 500 or so I flipped, HUGE mistake.

So, is the hard part finding the asset to sell?

For most yes, for experienced guys we typically can get as many as we want.

If we are in different market, would you be willing to give some pointers?

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Quote from @Bob Stevens:

Quote from @Brian Plajer:

Hello,

NEVER, if you cannot find a buyer, well it's not a deal. If you have a good deal the money will find you, buyers are the easy part

BTW, why would you not want it if it's a great deal? Biggest mistake of my life was not keeping 50 more of the 500 or so I flipped, HUGE mistake.

So, is the hard part finding the asset to sell?

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I can appreciate that. Are you suggesting this because you had some bad experience?

Also, is house hacking, house flipping or different?

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Cancellation during the inspection period must be inspection related. Not having a buyer is not inspection related.

So, how do you protect yourself if you have signed an agreement without a buyer?

From what? One’s own stupidity? You buy the property. You inspect during inspection period. You arrange your buyers beforehand. You put into offer that it is contingent on you finding a final buyer. There’s lots of ways to protect yourself. They are all in your offer terms.

Thanks. Was simply interested to finding out more as I am learning as much as I can these days. Are you a wholesaler buyer yourself?

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Hey there, I'm avidly reading about wholesaling in Canada and I was wondering what are the mechanism in place to protect yourself as a the wholesaler if the buyer doesn't come through or if the deal falls off. How do you protect yourself from having the responsibility to buy the house you were "representing"?

Thanks!

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Montreal, Quebec

Cancellation during the inspection period must be inspection related. Not having a buyer is not inspection related.

So, how do you protect yourself if you have signed an agreement without a buyer?

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All Forum Posts by: Patrice Blain

Patrice Blain has started 1 posts and replied 6 times.

Post: Wholesaling with no buyer

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Post: How do you protect yourself when wholesaling

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