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

1. Don’t panic when a buyer says they have it in contract—pause, verify, and find the win-win.

2. You can often collaborate with other investors to close deals and build repeat partnerships.

3. 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.