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Updated almost 5 years ago on . Most recent reply

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Bennett Steinle
  • New to Real Estate
  • Reading, PA
4
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First Time investor dealing with a wholesaler

Bennett Steinle
  • New to Real Estate
  • Reading, PA
Posted

I'm planning on buying a property soon and have found an off market deal from craigslist. The deal had a website listed which I checked out and there I found an email address and contact number.

I left 2 voicemails and sent an email before receiving a response. They responded via text, gave me a lockbox code, and told me the property was vacant and I could visit any time. 

Is this kind of thing typical, it just seems a little sketchy. I told them I'd like to at least talk with someone and get a name so I know who I'm dealing with before I just walk into a random house I found on craigslist.

Most Popular Reply

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344
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Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
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Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
Replied

@Bennett Steinle

That does seem pretty typical of a wholesale property. There are some things that often seem sketchy about wholesaling(ers) because, well, some are sketchy. HOWEVER, there are also good ones out there. I think you are well within your right to ask to speak to someone prior. Have someone go with you, if the person listing it won't be present (ideally a contractor to knock out two birds with one stone!). 

Also, as with any deal not just a wholesale deal, have someone, ie a Realtor or lawyer, look over ANY documents. Wholesaling can be a bit scary because it seems so untraditional, but as long as you're doing your due diligence and having a second pair of eyes looking everything over, you can find some great deals.

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