Property under contract without a buyer?

[Tom Tippmann]

Hello, Quick question to the bigger pockets members. I am new to wholesaling and was trying to get some info. Can I put a property under contract without a buyer on hand? Doesn't the seller want their money once I buy? How do I buy the property without actually buying the property? How does that all work? Thanks in advance,

[Gerardo Dominguez]

@Tom Tippmann So the short answer is, yes. However, once you have a property under contract you are ultimately liable. Make sure you have your "escape" clauses in place in case you can't find that seller. Other wise you'll lose your EMD. Good luck!

Look around BP for more answers; example article below.

https://www.biggerpockets.com/renewsblog/2015/01/3...