How Do Wholesalers Evaluate Remote Properties?

How Do Wholesalers Evaluate Remote Properties?

Los Angeles, CA · Member since 2018 · 23 posts · 8 votes

I've always been intrigued by the strategies wholesalers employ to evaluate properties they're considering, especially when they're remote. As someone looking to enhance my remote investment approach, I'm curious:

1. How do you, as wholesalers, get reliable photos and details of a property that's far from your base location?

2. Do you have a dedicated team/boots on the ground or individual who visits the property on your behalf?

3. How do you ensure the information you receive about the property is accurate and gives you a comprehensive view of its condition?

I understand that each wholesaler might have their unique strategies, but any insights or common practices you can share would be incredibly valuable. Thanks in advance for your wisdom!

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  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    A good wholesaler uses comparables from the MLS. A bad wholesaler uses a zestimate, or auto generated ARV from some other source.

  • Chris SeveneyBusiness Member
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    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y
    Quote from @Pouyan G.:

    I've always been intrigued by the strategies wholesalers employ to evaluate properties they're considering, especially when they're remote. As someone looking to enhance my remote investment approach, I'm curious:

    1. How do you, as wholesalers, get reliable photos and details of a property that's far from your base location?

    2. Do you have a dedicated team/boots on the ground or individual who visits the property on your behalf?

    3. How do you ensure the information you receive about the property is accurate and gives you a comprehensive view of its condition?

    I understand that each wholesaler might have their unique strategies, but any insights or common practices you can share would be incredibly valuable. Thanks in advance for your wisdom!


     rarely is a remote wholesaler successful. In order to properly evaluate a property you need to walk it and really see what is going on to get the most accurate value. As an investor if its a remote wholesaler, I do not even bother with them because they are just blindly sending in offers and have no idea what the inside looks like and its a waste of time. 

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