Investors - Are you only depend on Wholesalers?

Question

Please don't get me wrong. Wholesalers put all they got to find a deals. They drive all day, they send post cards, follow up which are really painful. They are building sweat equity and play key role in real investing.

My point is, do not only depend on them because there is so much demand out and every investor is fighting for the same property and its tough to compete. MLS is still has lots of deals which you just need to work to find it. Example, short sales, you can find great short sale deals by working with realtor and making it happen.

Do you agree with me? Anyone has similar pointers, please share.

Vijaianand Thirunageswaram · Answer

@Jay Hinrichs You are absolutely right!! Agents don't want touch deals which are low value and not safe places. They want to play it safe.

@David Walls That's right, make connections. REI is not about what you know or who do you know, it's all about who knows you.

Jay Hinrichs · Answer

depends on the market... some markets were your dealing in low value assets .. then wholesalers are pretty much your go to folks as agents don't want to work neighborhoods that are that dangerous or values so low.

in higher value areas.. wholesalers from what I see will normally take all the meat out of the deals.. and or simply are new and don't understand how to value a property and certainly have no clue as to what rehab costs.. so its a time suck generally speaking.

David Walls · Answer

As a wholesaler I definitely agree with you. It wouldn't be smart to just rely on one source. Investors should connect with agents, title companies, lenders, and other investors in that area because they will have insight and could possibly provide referrals and deals when wholesalers are short on them.

Investors - Are you only depend on Wholesalers?

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