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Updated over 9 years ago on . Most recent reply

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39
Posts
6
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Bryan Wilhelm
  • Harrison Township, MI
6
Votes |
39
Posts

Please provide an example of a wholesale gone bad...

Bryan Wilhelm
  • Harrison Township, MI
Posted

Hello, I'm in the "education" phase of becoming an REI, and would love to study a couple of wholesaling deal that failed. Thanks BP!

Most Popular Reply

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10,263
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16,133
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,133
Votes |
10,263
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

To me a true wholesale fail is one where the homeowmer loses. Strung along with empty promises, long weasle clauses as 'partners' trample through the property with little to no earnest money down..

The operator may lose a little time and effort, or not make enough to brag about here in success stories, but it's the owners life and home that's being messed with. That's failure. 

The back stabbing and deal stealing between ya'll and stories of trying to wholesale MLS listings to each other are just comical!

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