All Forum Posts by: Shaun Reed

Thanks Michael, it just seems to be so much controversy surrounding wholesaling, but seems an excellent way to break into real estate. 

So it seems as though some of the controversy with wholesaling is in the contracts and assigning the contract. I am really new at this and learning the ropes. What if you had excellent relationships with buyers and instead of doing the assigning contract thing, you just had a verbal agreement with the buyer that you get a certain percentage of the property price? Seems like 10% or so of what I have read so far. So I would find a deal. Negotiate the price with seller. Tell the seller that I have a buyer that is interested in your house. Buyer buys house for negotiated price. And I get a check from buyer for 10% of price.