Working with a Wholesaler as a new investor

[Jimmond Thomas]

Not sure how innovative this strategy may be but... as a new investor, would working with wholesalers be a good idea? Of course I understand the importance of doing your own due diligence but I would imagine that, by nature, wholesale properties are some what of a good deal. The wholesaler had to do a good bit of research and negotiating to get the property under contract.

So taking wholesale deals, running your own numbers off of what's presented and moving forward would seem like a good way to at least have a funnel of potentials coming your way. The wholesaler has done some of the "hard" work already, you would just be double checking and making sure it makes sense to you.

I do understand that this may be a naïve way of thinking but I'm curious to know why or why not this would be a good idea for a beginner.  

[Aziz Raji]

Working with a wholesaler will be good idea in my opinion because you’re getting property with some equity and in real estate it’s important to buy right going into a deal.