Question about wholesaling

[Tyler Austin]

What prevents your end buyer from waiting out your option period and going direct to your seller? 

This implies that there is an option period - isn't there? To rephrase my question, if I put a house I intend to wholesale under contract for $100k, and find an end buyer who agrees to pay $130k, what prevents said buyer from doing a little digging and contacting seller and waiting out whatever option period me and seller agreed upon and saving $30k? In an unlicensed transaction, what recourse do I have to prevent this? Do I just not tell them the address? This is a hurdle I'm facing I still can't figure out. 

I'm in Austin, from DFW, and am licensed in TX. 

[Tyler Austin]

Originally posted by @Mitchell Rusten:

@Tyler Austin

Get the contract. If you have a contract on a property where the numbers work, you’ll have no trouble finding a buyer, especially in this market. On a good deal nobody will be trying to go around your back or wait out option periods because they know they will just lose out to someone else. If you have the contract recorded, typically the seller won’t have much option to get out (nor will they really care to) and you’ll be able to go ahead with the deal.

 Great response. Thanks. Exactly what I was looking for.