Can seller do businesses with wholesale

[Carlos Pena]

Ok, so there a house thats in a 176k area house caught in fire . And is listed with agent . Question is CAN I THE WHOLE SELLER still make an offer ? I’m sure the deal won’t go as smoothe as just dealing with home owner.

[Ryan Blake]

@Carlos Pena Yes, a lot of wholesalers get their homes from the MLS. My suggestion is that you contract it for far below the list price because when you turn around to flip it off to another investor they are going to figure out pretty quick what that list price is. I would suggest offering 10% or more below the list and then try and flip it for 3% - 5% below list. If you offer it at list or above, you may have all your investors just wait for it to go back on the market if you aren't able to close the deal.

You will probably end up needing to do a double close when you buy like this and won't be able to just assign the contract.