Real Estate Agent · Drexel Hill, PA · Member since 2017 · 8 posts · 0 votes
Someone I met at a real estate networking meeting has a house under contract that he was going to flip but instead wants to wholesale. I have a few cash buyers lined up so he agreed to split the assignment fee with me. How do I make sure he holds up his end of the bargain? Is it as simple as a promissory note? Or is there a better way?
Real Estate Agent · Drexel Hill, PA · Member since 2017 · 8 posts · 0 votes
9y
Actually - I should also make sure this is legal and not bird dogging. I have heard of wholesalers doing this so I guess I assumed it was legal but I should double check ...