Wholesale without a contract

[Eliu Rosario]

Hi BP family,

New to Wholeselling here. I have two properties that I am presenting to an investor, however, I don't have a contract on the place yet. Investor seems trustworthy, would it be safe to present the properties without a contract? What is the normal charging fee for wholesale properties?

Thanks

[Dan Travieso]

Technically you can't wholesale without a contract as wholesaling is "assigning" the contract to a third party for a fee. Without a contract you have nothing to assign to a buyer.