I've need some advice on when or if you should release the addresses to potential buyers before you have the properties under contract for wholesale assignment deals.
I am working on a 5 rental property deal that has some good potential and I am talking with a local buyer who has a good reputation and has been very active in my market for years.
I just sent him the generic info on the property including zip codes, rental payments, estimated value, mortgage pay offs and work needed but I did not send him the specific addresses. He just emailed me back asking for the addresses.
I think I can trust him but I don't have the properties under contract so I don't any protection expect his credibility that he won't go around me.
Feedback/suggestions/comments are very welcomed!
Thanks in Advance!
Team and Real Estate Finance
0votesNo votes yet
Gene Hacker Investor and Home Inspector from Lake Isabella, CA
replied 20 minutes ago
Why don't you have a contract? IMO your goal should be to get it locked up with a contract before marketing it to potential buyers. Without a contract you don't have any real protection. Get it locked up.
You should have these homes under contract so that it won't matter what info you provide to prospective buyers.