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Updated almost 9 years ago on . Most recent reply

Wholesale a wholesale property
Hello BP Fam,
Suggestions on wholesaling a property that is already under contract by another wholesaler. Or is it better to do a back to back close?
Thanks you all for your response in advance
Most Popular Reply

I've done deals with other wholesalers, but always letting them know beforehand. You never want to wholesale a property that is already under contract by someone else. This is where the industry gets a bad name. This is called Daisy chaining and you should always avoid it. If you want to help the other wholesaler set up a Joint Venture Partnership and split the fee 50/50 or add your fee. Whatever works out for both you and the other wholesaler.