Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

66
Posts
7
Votes
Michael Rivera
  • Property Manager
  • Brooklyn, NY
7
Votes |
66
Posts

Wholesale Contract Help! (please)

Michael Rivera
  • Property Manager
  • Brooklyn, NY
Posted

Hello BP family I recently signed a contract with a private investor which consisted of me finding off market properties. As well as the owner to see if they'd like to sell. He told me he wants mainly pre-foreclosures and I'll be getting 10k each home.

Now here is where the problem lies he say I have to wait 6-12 months to get paid! I've never heard of a wholesaler or bird-dog getting paid so late. Is this normal and worth wild or am I being ripped off for my services?

All help is greatly appreciated, Thank You.

Most Popular Reply

User Stats

144
Posts
78
Votes
Buddy LaRue
  • Involved In Real Estate
  • Palm Springs, CA
78
Votes |
144
Posts
Buddy LaRue
  • Involved In Real Estate
  • Palm Springs, CA
Replied

Sounds to me like this guy is saying "Hello, SUCKER".

I wouldn't do it for him unless I was getting paid at closing time.

Loading replies...