buying through a wholesaler

[Jason Baker]

I have read a bit on BP forums about wholesaling, listened  to many podcasts where investors mention wholesalers being a good resource for finding properties. Most information revolves around how to wholesale or breeze over the buying process from a wholesaler.  So my question is from the investors standpoint what are some basic terms of the contract that i should be keeping in mind.  If a deal comes my way that is good i want to maximize my position but also keep some favorable terms for the wholesaler so that we may have a relationship in the future. 

[Aaron K.]

Make sure you know what you are buying and more importantly that the wholesaler knows what they are selling, be on the lookout for major defects in a property.