Wholesaling, wholesale properties?

[Eric Johnston]

Might be an odd question, but this is something I have come across multiple times in my real estate venture. Is it possible to wholesale a property currently being wholesaled? Example: Property goes under contract with distressed owner /=/ property gets marketed to cash buyers /=/ another wholesaler comes along interested in the property with a cash buyer in hand ready to buy /=/ contract gets assigned to secondary wholesaler /=/ wholesaler assigns to end buyer and closes within the contracted time frame of the original owner to wholesalers contract. Cause I've personally come across TONS of great deals wholesalers have brought to some of my squeeze pages looking for cash buyers. I know there are other methods to obtaining a deal and wholesaling It on the back end like double closing or JV but all situations are different of course and not all wholesalers prefer to JV and split profits. Let me know what you guys think! Thanks :)

[Nicholas Poulos]

Hi Eric, yes it is possible and it happens all the time. It's referred to as "co-wholesaling."