I got a deal what now??

[Nathan Smith]

Hey BP Community,

We got our first wholesale deal and now are scrambling to find out what to do next. Can anyone here give us any advice as far as where we should go after finding our first deal and how to close the sale? We are open to either exit strategy for a wholesale deal. Thanks again!!

[Jerryll Noorden]

Originally posted by @John Thedford:

The way to ETHICALLY wholesale is BE LICENSED or CLOSE and THEN RESELL. Misleading sellers, using BS escape clauses---those are the favorites of dbag unlicensed brokers. Why do "wholesalers" have such a bad name? See previous sentence. Last but not least, ripping tens of thousands of dollars over and above what it would cost if listed with an agent is NOT a service. I see it every day. If the sellers KNEW what is going on, are they going to be happy or mad? 

 John, you like SO many others are confused what wholesaling is.

You think that wholesaling = lying to sellers, not disclosing info yada yada yada.

That, bud is a BAD wholesaler.

Now A wholesaler is when I tell the sellers, yo mami, I am not going to buy your house but I know other investors that could be very interested. You don't need to vet them as we already did, we will be assigning the contract for $X0000,00 dollars, and it really is a great choice if you want a higher offer we could give you if we were to flip this property. So I will give you 2 offers. One offer for us to buy it and flip it and an other offer if we were to wholesale it.

We will let you decide.

And you know what happens?

So PLEASE spare me all that wholesaling hate when you are simply not educated of what wholesaling is and what it can do for sellers.

We helped one mother's sick child once as they needed funding for a medical procedure. Selling it with an agent would simply take too long, and in fact it wouldn't even be possible because their house was in disrepair.

THIS is the review

I desperately needed to sell my house and my desperation was quite obvious. Jerryll’s offer was $20K higher than the competition and I told him what my previous offers were. He could have simply offered me $1000,- more, but he didn’t. Really honest company.

So yeah.. stop.. please stop.