How to decide if a cash buyer is legit

[Ismail Sogbaike]

I’m doing my first wholesale deal and I’m trying to decide if I can trust certain buyers, what are some things to watch out for.

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Quote from @Ismail Sogbaike:

I’m doing my first wholesale deal and I’m trying to decide if I can trust certain buyers, what are some things to watch out for.

First, I always ask if they are a wholesaler or a real estate agent. If they tell me they are an investor or cash buyer, I ask them for a pre-approval from a lender or they can provide their bank account statement, with their account number blanked out, along with the name of the bank and the banks phone number. 

It's a funny thing, people with money don't mind proving they can buy the property.