Updated about 17 years ago on . Most recent reply
Settle a wholesale argument
If someone gets under contract with an REO that someone is wholesaling, can they, in turn, repeat that process? If that's the case, it could go on and on until the numbers are no longer good for an end buyer?
Most Popular Reply
Well said comments on the value of a real estate wholesaler...
Wholesalers have specific skills related to "turning over rocks" and finding great deals.
Investors that don't spend their time doing that reap the benefits of immediate access to deals.
A great way to increase your value and minimize arguments as a wholesaler is to simply be transparent. Most arguments (often times just misunderstandings) will be avoided when everyone is on the same page.
Enjoy this great business.
p.s. You can triple close, but that has a greater probability of creating lender seasoning issues for the investor that ultimately sells to a retail buyer. A double closing with an assignment is usually a better option.