Wholesalers < > Nationwide firms
Any BP members that have done any deals with the larger nationwide wholesalers that were profitable ?
I dont want to mention names , you can PM me if you are not sure who they are.
I receive multiple city listings via emails and text daily. I feel they use Hard sales tactics geared towards new investors who feel everything they pitch is a deal . Requirement avg 5k non refundable deposits.. and typically they try to push purchase site unseen and or very little time time to inspect ( at least one does ) , Many deals are going within the hour. ( so they say ).
I feel they hype newbies.
Issue is Almost all the deals I run numbers based on their own calculation , Buy, rehab and ARV's -- only leave the buyer 15-18% after the flip side sales commissions. With that margin if anything goes wrong your pretty much up the river without a paddle.
I wanted to know if anyone else had success or opinions.
They both cover most of the SouthEast and West Cities.