Co-Wholesaling ?

You supply the property or the buyer on a deal with a fellow wholesaler.
He/she brings a buyer for your property or a property for your buyer for a pre determined fee..
You can have signed non circumvention/compete contracts with all parties but I have never done that. I know who I am working with. They know it would not be in their best interest to go around me on one deal and blowing the possibility of repeat business in the future. Besides, are you going to go through the hassles of trying to get paid by taking a guy that goes around you despite having a NCC contract to court? GOOD LUCK!
So there is NO iron clad way of protecting yourself from being cut out in my opinion. Should this stop you?

I co-wholesale all the time. PM me with any questions if you wish.

Michael Mangham
MD Home Acquisitions LLC

Hey Lawrence,
Alot of Wholesaler's are using whats called a FLEX OPTION AGREEMENT

www.youtube.com/watch?v=-wj4c1Y6eUQ
I Googled it for you, it was wayyyyy too much for me to type it here, so check out this site, if it doesnt come up from this post, just google the words
(flex option agreement in Real Estate) that will help explain it.

Take care

Curtis Fillers
(Charlotte,NC)

good information as always Michael.

Put in a memorandum of option with the county clerk office on the property? It clouds the title, so if someone does go around you and you have the contract on the property, they can't buy it unless they pay you 1st.

Hey Curtis. I have a question about the Flex Option. I'm working on vacant property. So I wouldn't need any other paper work to resell the home other than the Flex Option?

If you come up with another good deal, PM me and I'll take a look. Thanks, Brent