Updated about 9 years ago on .
Wholesaling Problems I am having....
So here is what I have witnessed and heard from attorney's, CPA's, and agents in terms of wholesaling...
"well, I could get draft you a shorter, to the point PSA (as to not scare a seller who might have just inherited a property through probate and just wants to sell their property for cash only, as-is) and Agreement to assign but there is no point. Wholesaling is not what you may think it is here in CT, it just doesn't happen often."
'Double closings are illegal"...-are you kidding me...
" If a seller notices your PSA state "This contract is assignable", they will freak out and deny you"
" A wholesaler can ONLY GET PAID at the closing table" - What about as soon as you assign the contract to your end-buyer since that is the only thing of value that you have in this deal?
So as you can see, frustration is the only word I can describe my situation as being.
It seems like every other state other than CT has wholesalers making a comfortable living putting in the hard work and marketing, networking, researching, systemetizing their business, and can actually carry a PSA on hand and not be labeled as a crazy person...
Any wholesalers (not only in CT, in general) that have some insight and want to let me know if yes, your wasting your time, or no, just don't quit, keep at it, would be greatly appreciated