Wholesalers in Miami - Same deals?
I have been looking for wholesalers in Miami-Dade and now that I receive their newsletters, I see that they present the same deals?
Do they subscribe to the same leads such as probates, divorce or something like that?
I guess it also means that none of them have the property under contract.
Anyone with experience dealing with wholesalers in Miami/south Florida?
Thank you !
Most Popular Reply
@Jean-Baptiste Ramet
Yes these are known as daisy chain deals. Some “wholesalers” sit back and forward everyone else’s deal to make a cut. Pretty similar to what a buyer agent does if you think about it.
Very often you will reach out for a deal and it has already been sold or it takes several days to negotiate since there may be 2-4 parties involved (from my experience) that are all negotiation at once (i.e. bird dog/finder fee).
Get in the habit of asking wholesalers if they have the deal direct. This will save you a lot of time and help discourage the practice.
At the end of the day it’s not a huge deal. I usually just search for the address in my inbox and see who really has the lowest price