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ForumsArrowGeneral Landlording & Rental PropertiesArrowGetting my facts straight
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Getting my facts straight

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Check Rosette Top Subjects:
Rentals, Single Family, and Residential
  • Posts 177
  • Votes 15

Deangelo Mack
from Independence, Missouri

posted about 1 year ago

When advertising a deal to my buyers. I was told that its important to ask the buyer(s) if they plan on assigning the contract or if they are the end buyer. Im still having a hard time understanding why I would ask these questions. Is it because you close faster if he/she is the end buyer? Can someone give me clarity please and thanks.

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  • Posts 833
  • Votes 195

Carolina E.
Investor from NW Indiana

replied about 1 year ago

@Deangelo Mack Hello, I take it you are starting off being a wholesaler? You should ask because if they are not the end buyer and they are another wholesaler, they may just tie up your deal and waste your time. They are more than likely trying to wholesale it to an end buyer and add their fee to it. You could always JV with them if they can bring you an end buyer. You can sometimes weed out end buyers by having them show prof of funds before showing the property.

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Check Rosette Top Subjects:
Flipping and Taxes & Accounting
  • Posts 15K
  • Votes 11K

Ned Carey (Moderator) -
Investor from Baltimore, MD

replied about 1 year ago

@Deangelo Mack you will find in time, often the most important thing is getting the deal done vs making the most money.  If someone is going to try to resell your deal, that person is not a reliable buyer. 

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Check Rosette Top Subjects:
Rentals, Single Family, and Residential
  • Posts 177
  • Votes 15

Deangelo Mack
from Independence, Missouri

replied about 1 year ago

Thank you soo much @Carolina E. and @Ned Carey .

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