Wholesale to Wholesale

[Jimmy Tsokas]

Hey everyone, I just had a question pop in my head and I couldn't find any clarifying answers. So, is it common for a wholesaler to get a property under contract from a different wholesaler? If the price is right and you see an area of profit of course, but do people do wholesalers flip their contracts to other wholesalers? And is the process still the same? Any feedback would be great.

[Larry F.]

Hi Jimmy

It does happen wholesaler to wholesaler. If the numbers work then yes proceed. Process is the same if both contract specifies that there is a buyer "and or assigns" in the contract. Want to make sure the wholesaler has the authority to assign contract.

Hope this helps,