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Updated almost 9 years ago on . Most recent reply

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39
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Christian Garcia
  • Dallas, TX
3
Votes |
39
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First Time

Christian Garcia
  • Dallas, TX
Posted

Hello good people of the bigger pockets community ! I know its late, but i have one more question in regards to wholesaling . 

Okay so after i have the property of the seller under contract , do i have to tell the seller that i am going to make a profit off his home ? 

P.S i have never done any wholesale deals before and i would really to start my real estate journey by wholesaling since I've read that it is an easy way to start with or without any money .  However, i am willing to invest time and money into the marketing part of the business with the right guidance and help from experienced wholesalers .

Most Popular Reply

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757
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318
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David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
318
Votes |
757
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David Bokman
  • Real Estate Investor/Wholesaler
  • Philadelphia, PA
Replied

Wholesaling is a sales and marketing business..........I would assume any person who is selling there house to an "investor" assumes that person is going to make a profit one way or another. Wholesaling has nothing to do with lying or trying to cover up making a profit, in the end everyone is gonna find out anyway at closing so I suggest you are honest and up front with everyone.  I always tell my sellers that I am either going to buy your house OR assign it to another investor which I plan on selling to him. Wholesaling is a REAL business and should be treated like one....Just my 2 cents.

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