OfflineWhat happens when you have a property under contracted and trying to assign it in your 30 day time frame or whatever you have and another investor comes along and wants to wholesale also.?
__________________
Don't let something temporary, keep you out of the game permanent.
Spencer's Investing, LLC
How do you mean? Do you already have the property lock up?
that's why you have a legal contract...
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
First, if you have a buyer for the property then the deal is done. If you have the contract and no buyer yet, then this investor is opening up an opportunity for you to quickly get the deal done. You have the seller - if he has a buyer then you can partner the deal and split the assignment fee. Its a win/win situation. You won't make as much but I'd rather get 50% of something than 100% of nothing.
good luck!
Karen
KEEP MOVING FORWARD
"If it is important to you, you will find a way. If not, you'll find an excuse."
_____________________________________________________________________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Karen brings up great points. You have do decide what your goal is with the deal. The number one priority that everyone should have who are looking to do "wholesale" deals needs to be finding buyers first. In todays market, I get the chance to travel all over the country teaching and doing real estate to people from all walks of life. I am currently in Alaska teaching and one thing that I see everywhere I go is good and great deals. In todays market you will not have a problem finding properties. Keep your focus on finding and qualifing good solid buyers right now. That will allow you to go out and target properties specifically to fit the needs of your qualified buyers.
Happy Investing!
Matt