Wholesaling etiquette questions

[Jon C.]

Assuming you found a great deal...

1.How up front should you be to the seller? Someone else(your buyer) is gonna be closing. Should it be vague mentions of a "partner" or do you tell them straight up that you are a wholesaler and will have someone else buying the home? And can this kill a deal?

2.Ok, you got the house under contract and have a buyers list. Should I contact one buyer and offer them 24-48 hours exclusivity to say yes/no, then move on to the next person? Or should I send it out to everyone and first come, first serve? Or should I advertise the home in the paper while doing the above?

Thanks.