Kissing frogs . . . - Posted by Joe Kaiser
Posted by Joe Kaiser on November 23, 1998 at 21:16:03:
Clearly, they don’t feel they need you around for any future business. Tell them “thanks but no thanks.”
Keep at it and eventually you’ll end up with a handful of wholesale buyers you know you can trust and who will just write you a check. I don’t bother with escrowing their assignment money or anything like that. Instead, I get all that other stuff (like title) taken care of up front so by the time they see the property, they have all the information they need in order to say either “yes” or “no” to my sale proposal.
That’s “yes” or “no,” not . . . “wouldja take $xxx.”
After hearing “no” from a couple “wouldja take’s”, they figure out that I’m pretty serious about this stuff.
Frankly, that’s why you have more than one wholesale guy.
With all the documentation at hand they are able to accept and cut a check right on the spot. From then on, you’re outta the loop and if they screw it up it not your problem whatsoever.