The seller is 60 days away from a foreclosure auction. Approximate payoff plus arrears: ~ $340,000. Interest rate on loan: 2%. Median comps: ~ $398,000. Property is listed on the MLS so realtor commissions apply (6%). Seller willing to do creative financing, and wants someone to take over payments. What’s the best win-win exit strategy for this situation if I want to solve the seller’s problem, earn a $30,000 assignment fee, pay realtor, and provide a deal for the end buyer?

Once I have a property under contract, how do I protect my deal so that buyers go through me and not directly to the seller? Also, do you share full property details with buyers, and how do you ensure they won’t skip trace and contact the seller directly? Any tips would be super helpful!”

This is for a question for people who have actually done deals and assigned contracts, so no shade to anyone who hasn’t done a deal yet. If you leave a sticky note on a door (i.e. reverse driving for dollars), and you return to see if they got the message and they did, how do you approach the situation? Just keep leaving sticky notes on the door until they call you or just leave them alone? Where is the line between persistence and being a pest?

So, what's the best/cost-effective skip tracing out there for a newbie wholesaler?

Question: in order to wholesale on market properties through real estate agents they usually require one percent earnest money deposit of the sale price of the home, and a hard proof of funds. Where does a new wholesaler get these two requirements if you have neither?