Wholesalers?

[Corry Taie]

Ok. First of all... I am not looking to hear from "wholesalers". I want to hear from INVESTORS/ REHABBERS who actually buy from real wholesalers. So Does anyone here actually know any GOOD wholesalers? I don't mean to sound rude, but I have yet to find any that don't under estimate the rehab costs & over estimate the ARV. When I started out. I wholesaled & I would put together a proforma with 3 BPO's & 3 Contractor Estimates & a CMA. The investor buyer had all the info up front & when they did their own due diligence, they found my numbers to be accurate. Buy doing these couple of extra steps (which did not take much time & was not much work at all), I gained the trust of my buyers & they sent all of their friends to me. However, now that I don't have the time to do all of this myself, I am having a fairly dificult time finding wholesalers that give accurate numbers. Then if one of them actually has a good deal, when you get to the closing table, you find that 5-10K for assignment or whatever is not enough. I actually saw one where the "wholesaler" was trying to collect over $40K... You can guess how quick that deal went south. So do any of you know any real & good wholesalers? I am in So. Cal. & looking in Riverside, Orange & San Diego Counties if this helps.

[Curt Davis]

Well, As a wholesaler myself working for a larger company, though the small time guys can sometimes provide property a little cheaper, they can not get better homes, they dont have the relationships, infrastructure, not licensed, insured, bonded, No real backing, and most likely wont be around in the business for any real length of time. i doubt you would put anyone out of business.

Mike: wholesaling is a great business and though the entry into it is very low, its not as easy as people make it sound. It takes a long time to truly wholesale a deal. Many people bird dog for others to get some experience. Good luck