What to watch out for when doing business with a wholesaler

What to watch out for when doing business with a wholesaler

Atlanta, GA · Member since 2017 · 37 posts · 3 votes

What practices are considered dishonest when wholesaling?  I have a deal that I have been working on from a wholesalers that the numbers seem to line up a little to well.  My gut is telling me no, but I think it may just be a lack of experience.  Can anyone offer any guidance with that?  Thanks!

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Patti RobertsonBusiness Member
Property Manager · Virginia Beach, VA · Member since 2016 · 2k+ posts · 2k+ votes
9y

Just ask to see the contract.  Usually the wholesaler is assigning a contract to you, in which case you not only have to agree to their price, but also to the contract terms they negotiated with the seller.  If you are happy with the price and contract terms, do the deal. 

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  • Patti RobertsonBusiness Member
    Property Manager · Virginia Beach, VA · Member since 2016 · 2k+ posts · 2k+ votes
    9y

    Just ask to see the contract.  Usually the wholesaler is assigning a contract to you, in which case you not only have to agree to their price, but also to the contract terms they negotiated with the seller.  If you are happy with the price and contract terms, do the deal. 

  • Patti RobertsonBusiness Member
    Property Manager · Virginia Beach, VA · Member since 2016 · 2k+ posts · 2k+ votes
    9y

    Just ask to see the contract.  Usually the wholesaler is assigning a contract to you, in which case you not only have to agree to their price, but also to the contract terms they negotiated with the seller.  If you are happy with the price and contract terms, do the deal. 

  • Flipper/Rehabber · New York Tri State Area | Jacksonville | Orlando, FL · Member since 2017 · 33 posts · 7 votes
    9y

    As long as a wholesale is done ethically and within the law no issues should arise that's the way I practice wholesaling.

  • Atlanta, GA · Member since 2017 · 37 posts · 3 votes
    9y

    Thanks Patti!

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