Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

24
Posts
3
Votes
Erica Gregory
  • Rental Property Investor
  • Baltimore, MD
3
Votes |
24
Posts

Purchasing from a wholesaler

Erica Gregory
  • Rental Property Investor
  • Baltimore, MD
Posted

I’ll be purchasing a home through a wholesaler. Is there room to negotiate? Do I need to have an attorney create a contract? Do I need to create a contract of my own? This is my first deal.

Most Popular Reply

User Stats

151
Posts
97
Votes
Kyle Shankin
  • Rental Property Investor
  • Oakland County
97
Votes |
151
Posts
Kyle Shankin
  • Rental Property Investor
  • Oakland County
Replied

Hi @Erica Gregory. There's nothing that says that you can't negotiate with a wholesaler. I'm in the process of closing on a house where I was able to knock a few thousand off the asking price. 

If a wholesaler is experienced, then they'll likely have their own forms and processes. If you haven't reached out to them yet to ask what their requirements are, that would be a good start.

Loading replies...