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Updated almost 12 years ago on . Most recent reply

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34
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Jonathan Richards
  • Vancouver, WA
1
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34
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how do new investors impress old investor

Jonathan Richards
  • Vancouver, WA
Posted

Aftrer reading another post concerning a lack of love for wholesalers , I would like to know how the seasoned investor would like to be approached by a new investor/wholesaler/flipper? What would impress you, even thou you know the new investor has no track record.

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J Scott
  • Investor
  • Sarasota, FL
17,204
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

I don't need to be impressed with the wholesaler, just the deal. Here is the information I look for when presented with a wholesale deal:

- Type of closing (assignment, double close, etc)

- Address

- Price

- Estimated ARV and Comps (I won't rely on these, but will indicate if the wholesaler has actually done his job)

- Pictures & Condition (Enough information that I know if it's a $15K rehab or a $150K rehab)

- Basic Info (Year Built, # Beds/Baths, Square Footage, etc)

- Info about access to the property (or how to get it)

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