How do you find GREAT wholesalers?

[David Schach]

I posted yesterday about a bad wholesaler that I came across on BP a few years back, sorta turned me off to the basic concept. But now I have some cash sitting on the sidelines and am actively looking at deals now. Where are the great wholesalers at? not just the newbies that have NO clue what they are doing but seasoned vets who know the game and understand how costs break down. 

As a side note, what do flippers usually like to make over the wholesalers? The wholesalers did the leg work, etc. But the flippers take 100% of the risk. In my opinion I would like to be making close to 10 times what the wholesaler made on the deal. Does that seem too rich?

[Matthew Nixon]

I'm pretty much going to echo the sentiment of the others who have responded to this thread. It shouldn't matter what the wholesalers fee is. As far as where to go to find them: 

• Craigslist 
• BP marketplace
• Local REIA
• Talk to local hard money lenders 

You need to vet the wholesaler the same way you would any other person or company you might do business with. Ask them:

• How long have they been in the business
• How many deals have they done
• How many other investors do they work with
• Will they always have the deal under contract (a must)
• How do they market to get deals
• How many do they get a month

My suggestion to you for establishing a relationship with a good wholesaler would be to breakdown your buying criteria:

• Where you are looking to buy 
• Price point
• Property type and specs
• Target ROI.

Make it clear what you are looking for, and if they present you with a deal that fits your criteria... Perform. Do this and you'll be put near the top of their list for future deals.