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Wholesaling huge deals- ideally commercial

October 14, 2011 by PeterGreijn

Tommy,

Tell us about your wholesaling experience with high-end properties. What’s the largest deal that you’ve moved? How do you expect to get in front of these big time sellers? Why would someone trust you with a $ 1B dollar property? How many $ 1B buyers do you have in your network?

I imagine you would have a lot of legal work to get such a property under contract. I also imagine any seller of that size would be sophisticated and put a non-assignment clause in the contract. And I also imagine they’ll want you to put a lot of collateral up to get the deal under contract. They most likely would also want to check your history of buying moving large properties and they’d want to look through all of your financials to ensure you have the capability to do what you say.

I appreciate your ambitious goals but it’s best that you’re realistic with them. Great salesmanship alone is not going to get such a deal done.

BiggerPockets Forums

Filed Under: Investing Tagged With: Commercial, Deals, huge, ideally, Wholesaling

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