Updated over 1 year ago on . Most recent reply
Wholesalers > My Love and Hate Relationship
Wholesalers > do you love them or hate them? Or do you just deal and put up with them?
I buy 5-9 properties from wholesalers each year. They do a lot of work to bring you a great deal. For this, I love them. They are making calls, sending letters, and grinding to find a deal. I appreciate their place in the marketplace.
What's I hate about wholesalers: (95% seem to have these characteristics) > they over promise and under deliever. They call me from multiple numbers and then someone else they are working with calls from another number. I usually end up talking to 1-3 people in the same company. They seem to be very unorganized. Their contracts are always shady. Most have not seen the inside of the property. They usually talk with an arrogance and over state their experience. Their ARV is NEVER correct. Their rehab number is NEVER correct. They want you to close on 14 days yet are usually the ones to hold up the deal close. They don't seem to treat the homeowner very well.
Wholesalers make me appreciate and love realtors.
What has been your experience with wholesalers?Any suggestions on how to deal with them so it is a win win deal for everyone