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Updated about 9 years ago on . Most recent reply

User Stats

90
Posts
11
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Casey Kooiman
  • Rental Property Investor
  • Milwaukee, WI
11
Votes |
90
Posts

Buying Via Wholesaler

Casey Kooiman
  • Rental Property Investor
  • Milwaukee, WI
Posted

Hi BP!

So... I currently have 2 properties (duplex and condo - both were bought with the help of a realtor). I recently found a condo for sale by a local wholesaler, but I'm not sure how the process differs from using a realtor. Should I use a realtor still? Should I submit an offer myself with the help of an attorney? Is the offer written to the wholesaler or to the property owner? I am completely in the dark on this process and would appreciate any support! Thanks so much! 

Most Popular Reply

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9,365
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6,552
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,552
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

@Elijah Moore

You can't just be concerned with buyers. The problems is what most sellers are promised. Look at all the threads from posters asking how to get out of a contract....via bogus escape clauses. Representations made to sellers, usually false, are the biggest problem. If you can walk in, tell a seller you have no intention of buying but only want to try and sell the contract and they still sign, you are a great marketer. In ANY business what counts?  Honesty. That is what makes or breaks a reputation. 

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