Wholesaler Qualities looked for by flippers or Landlords

[Anthony Harris]

Hi All,

Got a question for all my buy and hold and fix and flip community members: What type of things do you look for when dealing with wholesalers? Is it just about the numbers making sense to you? Or are there other qualities that separate you from working with one wholesaler to the next? I know with me, I want to provide my end buyers the best deal possible so, I try to make sure include as much details as possible in my marketing emails to my buyers list (i.e. Comps, ROI, Market Rent, repair estimate). Just want to make sure I'm on the right track or are there other things that would stand out that I can be doing!. Any feedback is greatly appreciated Thanks!

[Phil Z.]

1. Do not send out mass emails of a 'deal'.  It looks like last weeks leftovers and/or your an amateur with no cash buyers.

2. Know who are real players on your Cash Buyers List and give them exclusive 1st look.  They will love you. If no real buyers want it, then shoot out your email blast.

3. In most cases, all you need is a Street Address and a low Asking price to get investor attention. A lot of photos are a big plus. You can provide an ARV and Repair costs if your 100% they are accurate.

4. Maybe it's just my area, but from what I have seen, unless you are dealing with big apartment buildings, most investors don't even use ROI. I don't know what they use, but it seems to be just a matter of them feeling like they got a lower price for the neighborhood. The key to wholesaling is to find the Cash Buyer who's ok with thin deals.