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Updated about 6 years ago on . Most recent reply

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Thomas Moran
  • Rental Property Investor
  • Raleigh, NC
32
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85
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Please poke holes in this

Thomas Moran
  • Rental Property Investor
  • Raleigh, NC
Posted

New BP member here.

Hypothetical situation: you have a list of buyers. You can’t find any deals from prospecting. One of your personal wholesaling connections sends a deal they have under contract. You don’t want to invest but one of your investors/buyers in your Rolodex shows interest. I reassign the already reassigned contract and take a cut of the wholesalers profit for finding the buyer - assuming the agree (joint venture agreement, or something similar). What am I missing here? Poke holes in this for me

-Tom

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Replied

@Thomas Moran I heard someone mention doing this in one of the BP podcast episodes, but alas I cannot remember the one.

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