Protecting yourself from distrustful buyers

[Fernando Jones]

I recently got back from a fortune builders summit and although i was unable to proceed with their program they gave enough information for me to get started with wholesaling for now.

My question is when approaching a cash buyer with an investment opportunity how do you protect yourself as the "middleman" from the buyer going around you and directly to the seller?

Is there documentation that needs to be signed after having that initial conversation?

Thank you.

[Deriane Cox]

Fernando,

Are you focusing on building your buyers list? It sound like you want to find a buyer, then find a property, and then tell the buyer about the property before you have it under contract. If that is the case, then your approach is wrong. Focus on building your buyers list first. Once you have a list, then search for properties. Once the properties are under contract, you can then show it to your buyers. IF you approach it this way, then you will have no need for a "NCND". Keep that in your back pocket for now.