Can I assign a contract to another wholesaler if I’m a wholesaler

Member since 2020 · 1 post · 0 votes

If I’m a wholesaler and I have a property locked up in a contract, can I assign the contract to another wholesaler and still get my profit?

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Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes

Maybe, but you’re better off sticking to a real job/career.

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Wayne Brooks
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
6y
Maybe, but you’re better off sticking to a real job/career.
1 Reply
Joe Gonzalez
Wholesaler · Houston, TX · Member since 2017 · 264 posts · 212 votes
6y
Hey Luis, you definitely can but is it a good move?
Another wholesaler would tie up your original contract and try to find a buyer, you would no longer control the deal.
If another wholesaler already has a buyer then have them put down EM with you before you assign and make sure their buyer has the means to close.
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Barry Pekin
Specialist · Purcellville, VA · Member since 2015 · 1k+ posts · 841 votes
6y
@Luis Maximo,
Yes, you can. But you don't want to.
It's too easy to find actual buyers. Why add another middle man?
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