Introduce yourself as a Wholesaler to seller ??? Please HELP !!!
Hello BP !! I am starting to look for my first deal to wholesale and I have several questions...
1) Is it appropriate or smart to disclose yourself as a wholesaler to a potential seller ? Is there a better way to say it other than a "wholesaler" ? Wholesalers usually market themselves as a cash buyer, at what point do you let the seller know you are not the end buyer ?
2) Is there a specific "Wholesale Contract" or is it a simple buy and sell contract that allows it to be assigned and then have a separate assignment of contract when the end buyer is identified ? Do I as a wholesaler have to put earnest money up front ? What about the end buyer ?
Like i said i am already analyzing deals and on the lookout but i feel insecure on these things i just asked. Thank you all in advance for your input !!!