Wholesaling from another wholesaler

I am new to this forum and had a question… Is it normal to get a property under contract from another wholesaler and assign to one of your buyers? If the numbers are right and there is enough room to make sense, does this happen, and how is it handled?

If the numbers are right and you can get a buyer there is no reason why you can’t do what you asked. It probably doesn’t happen too often because most deals don’t have that much room.

In order to do it, you just need to have and/or assigns in your contract with the wholesaler.

Thanks…just wanted to check. I didnt know if the investor with the contract would agree to do it. I would figure that most would rather deal with someone who intended to actually close and flip or hold.

I wouldn’t mind if you wholesaled it after I wholesaled it to you because I would typically give you only five days to close, meanwhile I have 30-45 days to close. I like to stack the deck in my favor. ;D

I have wholesaled to other wholesalers so I know it is possible. You just have to be getting a really good deal the first time around. I have wholesaled a property to a wholesaler who ended up wholesaling it again, after that you kind of end up retailing…

Eric Medemar