Should I wait?

[Ashley Swift]

Hello Bigger Pockets' members, 

Should I wait until I have a property under contract to contact buyers about a property, or should I secure a buyer now if I am planning to use a land trust on a foreclosed bk owned home? 

[Hattie Dizmond]

My advice would be...

Unless you have a buyer with whom you have worked in the past, have a track record & relationship with, always wait, until you have the property under contract. 

Before you have the property under contract, you have nothing other than an idea.  You hold no beneficial interest in the property and are marketing someone else's asset.

Now, once you have a track record & relationship with a buyer, I don't think there is anything wrong with calling that buyer up, while you're in the process of nailing down the final details of a contract, to give them a heads up just to see if they are interested.  But, I would personally NEVER market at property I didn't have at least an Option Contract on.  Until I have a signed contract, I don't have anything to market, and I value my buyers too much to waste their time.