Daisy Chain Wholesaling

[Bobby Valcin]

I recently came across a deal that I wanted to buy couldn’t but because it had a lien and the hard money lender requires 1st position. I ended up telling a cash buyer I know about it and he ended up buying the property.

I told them they didn’t need to pay me anything because I didn’t get the deal under contract myself and I thought it would be good for building a business relationship.

Part of the reason why I didn’t want to accept a fee is because one of the wholesaling podcasts I listen to frowns up it (He writes BP blogs). I’m not a fan of it either but it seems to be getting more and more popular with certain companies and Virtual Wholesalers who are tacking on 20k+ on deals they didn’t originally source.

By the way, they ended paying me a finders fee of sorts without me asking of 1k. I think I would be more comfortable with something like that since it did take a certain amount of time and effort.

I just wanted to get some other thoughts on this and see if I might be thinking about this the wrong way.