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Updated about 6 years ago on . Most recent reply

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Tariq K Frantz
  • Rental Property Investor
  • Solana Beach, CA
15
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Working w/ Wholesalers: Pros & Cons?

Tariq K Frantz
  • Rental Property Investor
  • Solana Beach, CA
Posted

Hello All, I am curious of your experience working with wholesalers?  David Greene suggests not doing your first deal(s) with them until you have gained more deal experience, agree disagree? Pros & Cons?  Thank you - have a great long weekend.  TK

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

Pro: You will have access to more off-market properties that you otherwise wouldn't have known about

Con: They will likely inflate the ARV and underestimate the rehab costs so you must run your own numbers

Quick Tip: Always make sure they have the property under contract and are direct to seller to avoid the middlemen

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