Why are good wholesalers so hard to find?
This is more of a rant than an informational post. Why are good wholesalers so hard to find? My experience thus far with wholesalers has been less than pleasant. I started off with some smaller names, but found out quickly that ARV's are WAY inflated and rehab estimates are under estimated. So I decided to try and go with a couple from one of the bigger nationwide firms and got taken on a two month roller coaster ride, only to be told that the wholesaler decided to keep it for himself.
I am beginning to see why wholesaling has such a black eye.
Most Popular Reply
@Christopher Blanco they're so hard to find because there's so many of them and it's basically free to call yourself one - kind of like home inspectors in Ohio (if you have a ladder, a truck, and a business card you've got what every home inspector does). The barriers to entry to call yourself a wholesaler are as close to 0 as possible, but the barriers to entry to be a GOOD wholesaler are much higher. We spend almost $10,000/month on marketing and another several thousand dollars each month on back-end systems to help track and identify potential deals.