In this episode of Properties to Profits, I break down how to handle one of the most frustrating (but common) challenges in wholesaling—when another buyer says they already have the house you’re working on under contract. This situation can feel like a dead end, but more often than not, it’s actually a massive opportunity if you stay calm, professional, and strategic.
I walk you through exactly what questions to ask, how to verify facts without burning bridges, and how to turn potential competition into collaboration. I also share real examples from my own deals where we turned these situations into $20K+ paydays and long-term relationships with other investors. If you’re serious about building a reputation and making money in this space, this episode is a must-listen.
Episode Timeline
[0:00] The difference between sellers vs. buyers saying they have a house under contract
[1:07] Why these deals are rarely dead ends—and how to spot opportunity
[2:14] How to verify contract claims and clarify who has real rights
[3:04] When and how to propose a double assignment (and why we rarely do)
[4:09] Creating win-win scenarios that build trust for long-term relationships
[5:13] Real-world example: turning multiple overlaps into big profits
[6:04] Why playing the long game matters more than winning every deal
[6:39] The mindset shift: stay calm, be professional, and stick to your process
3 Key Takeaways
-
Don’t panic when a buyer says they have it in contract—pause, verify, and find the win-win.
-
You can often collaborate with other investors to close deals and build repeat partnerships.
-
Playing the long game with professionalism and clarity will make you more money over time.
Links & Resources
Follow me on Instagram: @realestatemike02
Subscribe to the Properties to Profits podcast for more negotiation tips and real estate game plans
Enjoyed the episode?
If this helped you approach tricky buyer situations with more clarity and confidence, do me a favor—subscribe, rate, and leave a review. And if you know someone new to wholesaling, send this their way. Let’s keep turning properties into profits—together.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.