Posted by tampasteph on February 03, 2008 at 10:09:23:
You can do a double assignment, where you get the property under contract from a wholesaler, and then reassign it to your buyer.
This happens a lot where I’m at. A lot of wholesalers will work together to find buyers. The other wholesalers in my area are an integral part of my team.
If you aren’t planning on buying it yourself, make sure to be upfront about it. You don’t want to be tying people’s properties up and then not performing.
Steph
wholesaling a wholesale property… - Posted by j
Posted by j on February 03, 2008 at 08:52:40:
Is there a term when someone wholesales a house that they bought from a wholesaler??? Thing is there are tons of ads for investment houses here in Atlanta. Usually the asking price is less than 70% of the ARV but I’m led to believe that these are ads from current wholesalers who have the property under contract and want to move them fast. Wouldn’t it be possible for me to get those under contract and actively work to sell them to a buyer with my assignment fee tacked on??? Is this common???