How do you prevent having to pay if a buyer backs out last minute in a wholesale deal???

[Lorenzo Harkins]

How do you prevent having to pay if a buyer backs out last minute in a wholesale deal???

Is their any steps i should be taking to prevent this ???

[Account Closed]

You should never put it under contract unless you have the funds to buy if your buyer back out but here in Dallas wholesalers will put a ton of clauses in their contract, so they can screw the seller if anything goes south.

Joe Gore