Realtor · Atlanta, GA · Member since 2015 · 693 posts · 357 votes
It seems almost every day there's newbie wholesalers trying to add me on BP and send me "deals", when these houses are pigs, total teardowns and still overpriced, there's zero analysis or reasoning behind determining that it's a deal. They just pull anything they see on zillow and try and get you to buy it. If you're one of these people, just stop it. Learn your comps, estimated repairs and ARV.
Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
10y
I just started in investing and was planning on wholesaling the deal I'm about to close on. I decided to hold on to it and rehab and rent it out myself. I guess the difference with me is that I have a job that pays me well and I can afford to do this. I am not dependent on a wholesale deal. I think when you are working and desperate to make a sale, non-deals quickly become deals if you want to eat.
If you aren't willing to keep the deal for yourself to flip, then a flipper probably doesn't want it either.
Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
10y
I just started in investing and was planning on wholesaling the deal I'm about to close on. I decided to hold on to it and rehab and rent it out myself. I guess the difference with me is that I have a job that pays me well and I can afford to do this. I am not dependent on a wholesale deal. I think when you are working and desperate to make a sale, non-deals quickly become deals if you want to eat.
If you aren't willing to keep the deal for yourself to flip, then a flipper probably doesn't want it either.