Questions when working with a new/unfamiliar wholesaler

[Paul H.]

As a new investor starting to look at wholesalers, what would be pertinent questions to ask about a specific deal?  i.e. Condition, pictures, any financials they can provide.  Is the property vacant?  what are some other major red flag questions you might ask?

Thanks,

-Paul

[Jesse Dominguez-Castelan]

Quote from @Paul H.:

Quote from @Jesse Dominguez-Castelan:

Paul, as licensed agents my team and I do our best to find out as much information from the seller as possible so that we can provide you with what we hope is a complete picture of the property. We then like to provide our clients with photos, tax information and comps. We do encourage doing your own due diligence even though we are providing all this info. We also double close so that we can guarantee you with a free and clear title. Hope this helps!

Thank you for the reply @Jesse Dominguez-Castelan!  Yes I would definitely do my own due diligence.  The deals I've had sent to me very often are a bit on the ambitious side with comps and rehab estimates.

Depending on what resources are being used to find the comps they may be ambitious. Until whoever is sending you these opportunities has the conversation with you on how much you'd like to make on a deal, how you figure your ARV and how you plan a rehab/ costs they are likely going to continue sending you opportunities you won't find too appealing.