Buy from wholesalers?

[Brenda Whittaker]

So, since something in my subconscious is holding me back from believing I can find deals with bandit signs and asking friends and family, I gravitate toward other means of scouting. Any opinions on buying rehabs from wholesalers? Any pitfalls? My passion is rehab, and wholesalers sure have a lot of messed up properties. I'm thinking that just like any deal, figure out ARV, figure out exact costs needed including debt service for the length of rehab, then... is there a basic percentage or something that is considered a good return? What constitutes a good deal>? And back to my more pressing question, do you rehabbers have good experiences buying from wholesalers?

[Hugh Ayles]

We chose to use wholesalers because of time savings for us (we focus on what we are good at) and it takes awhile for your own marketing to start returning deals.

So far our experience with wholesalers has been good. It is VERY important to run your own numbers as far as ARV and repair budget.

Think of it this way: it is your money on the line.  "Trust but verify".