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Updated about 11 years ago on . Most recent reply

Lorenzo Harkins's profile image
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Lorenzo Harkins
  • Flipper/Rehabber
  • from Las Vegas, NV
  • Member since May 28, 2014
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Lorenzo Harkins's profile image
Lorenzo Harkins's profile image
Lorenzo Harkins
  • Flipper/Rehabber
  • from Las Vegas, NV
  • Member since May 28, 2014
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Lorenzo Harkins
  • Flipper/Rehabber
  • Las Vegas, NV
8
Votes |
27
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Starting Out

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

Lorenzo Harkins
  • Flipper/Rehabber
  • Las Vegas, NV
Posted

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 ???

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Account Closed's profile image
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Account Closed
  • from Dallas, Texas
  • Member since Aug 29, 2013
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Account Closed
  • from Dallas, Texas
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Account Closed
  • Dallas, TX
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Account Closed
  • Dallas, TX
Replied

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

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