Updated almost 12 years ago on . Most recent reply
How to wholesale a property from a wholesaler?
Good morning BP.
I recently got aproach from a wholesaler to buy a property from an area that I am not interested in doing a rehab, but the price seems fair and I may have some buyers that may be interested in purchasing it.
How do I market the property or what paperwork I need, from the wholesaler to get a fee if I sell it?
- Hector Perez
Most Popular Reply
I would agree with Arktavious to control the deal but if I'm not mistaken, it is another wholesaler's deal and he is asking you if you have any investors who are interested in the property?
Since your an investor and wholesaling isn't your bread and butter, you could ask a birddog fee. However, in this circumstance I would do a joint venture deal (50/50 split) because I'm a wholesaler and I'm bringing the end buyer. The wholesaler might not be open to that which is understandable if he isn't making much on the deal. If not, I guess it might be a good point to start negotiating your fee?
Either way, I always try to make it win-win for everybody and not waste an opportunity or lead.