Partnering w/ wholesalers

[Anthony Ladd]

Hey BP, looking for advice on how to go about partnering with other investors. Wholesalers I came across seemed cut throat when I referr properties wat can j do to make sure I still get paid if they where to close

[Account Closed]

If you are the source of the deal, meaning that you are the one who is the initial contact with the seller, lock up you position with an assignable contract. That is the only sure way to control the deal.

Trying to market OPD (Other People's Deals)? OPD or Co-wholesaling is a strategy I see many new investors attempt to get started in the business. I generally stay away from Co-Wholesaling for two reasons.

1. It is difficult to know if and when a co-wholesale deal goes to settlement-making it difficult to know I get paid.

2. Co-wholesaling damages my credibility with REAL buyers in my market. When they receive my email pitching the same deal as 6-10 other co-wholesalers, then I'm placed in the "me too" wholesaler category in their mind instead of the "guy who brings good, solid DEALS that no one else knows about." I prefer people think of me as the second guy when it comes to wholesale deals.

To be fair, I have done many deals both brought to me by other wholesalers and sold by other wholesalers. When I do business with these guys, I decide up front if I can trust them and have some control in the deal. I'm usually the guy with more experience who is running the deal-even if my name is not on the contract. I no longer email blast OPD's, although I did in the beginning with minimal results.

There is no comparison to having a signed contract on a REAL DEAL (65% of ARV-Repairs). That deal will always sell. If you need an example agreement of sale or assignment, you can download a copy of the one I use here .