Investing Strategies
Wholesaler Essentials: How I Structure My Co-Wholesale Deals
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Hi Moguls, Steph Davis here with a clear explanation of how I structure my co-wholesale deals. This lesson is in response to a question from a student of mine. Usually when one student asks a question, I know others are probably wondering the very same thing. So here we go…
This question comes up when you have a property under contract and another wholesaler brings the buyer to the table – or vice versa – you have a buyer and the other investor brings the deal.
Either way, it seems to be a foggy area that needs clarification. I’ve seen this done many different ways - different investors use different paperwork and methods.
But in this lesson, I’m giving you two things:
- The way you shouldn’t structure your co-wholesale deals.
- The way I do structure my co-wholesale deals.
First, How Not to Structure Your Deals
On occasion, a wholesaler may approach you with a deal in hand and is looking…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.
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