How To Trust Cash Buyers

[Brady Speers]

Have two deals under contract...new wholesaler here. Need advice please. Have a small buyers list I built with a mailer and just contacts i have made over the last few months but only know one of them well. I also posted these houses on CList and Facebook. Getting lots of "cash buyers" that are asking to see the house, etc. My fear is how to I control the selling process so I don't end up getting screwed buy one of these guys? Do I interview them first and if so what do I need to know about them and what should I explain to them? How do I protect my deal I guess is what I am asking. I would like to have an open house but I'm unsettled about having all of these people interact with my owners, etc. I've heard the bad stories of some of these buyers going behind your back etc. Thoughts????

[David Faulkner]

Originally posted by :

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As an investor, its perfectly alright to save as much and earn as much as possible however cutting out the person who bring you isn't being smart but being a douche bag. There has been moments where the margins were thin between us & I told the agent that I either have to drop the deal ( which was true ) or we have to work out a deal. Because he still was making around 22k on the deal, he was okay to drop the remaining 20k to make sure the deal go through. 

I never said that this was NOT a douchey thing to do ... being smart and being a douche bag are not mutually exclusive.