Over the past few days, Iāve had multiple people hit me up saying they āhave a dealā and are looking for a buyer. Only to find out⦠itās not their deal. Theyāre marketing someone elseās contract without that wholesalerās knowledge or permission.
Let me be crystal clear:
š Acquisitions is not copying someoneās deal post and trying to find a buyer. Thatās not wholesaling. Thatās a legal liability that can get you in serious trouble.
š If you try to dispo a deal without the original wholesalerās consent (and without a JV agreement in writing), youāre putting yourself and the person helping you at risk.
š If youāre going to JV, do it the right way. Communicate. Get the paperwork signed. Be transparent. Thatās how you build relationships in this business.
And for the love of wholesaling, remember this:
ā
Buyers want discounts and cash flow, not full-retail properties with retail rehab costs. If youāre locking up properties at the wrong numbers, you donāt have a deal.
This business is simple:
Lock up properties at a discount ā bring value to sellers AND buyers ā get paid.
Skip any step and youāre just burning bridges.
Thatās my rant for today 𤣠Tighten up out there !!!