How can a beginner work with an established wholesaler?

Question

I'm a beginner cash buyer, with no deals under my belt, and looking to connect and work with established wholesalers in my area to pursue my buy and hold goals, but why would any established wholesaler want to work with a beginner who maybe a bit gun shy on their first deal? From their perspective I would think it would be more trouble than its worth. I don't want to waste my time looking at bunch of deals that have already been passed up by other more experienced investors.

What can/should I do to prepare to work with a wholesaler to get on their A-list and prove to them that I maybe a bit gun shy, but I am serious.

Marvin McTaw · Answer

@Christopher Canning real estate wholesalers generally care about price (i.e. who has the highest net price to them), speed (i.e. who can close the fastest) and certainty (i.e. who has the least risk with their transaction). If you are a true cash buyer, to become a "wholesaler's best friend" you will need to be able to balance your need for more information with the wholesaler's need to fulfill his/her commitments under their agreement. If you're unable to make decisions quickly, I would encourage you to consider other ways to buy properties e.g. MLS, referrals from your network, auctions, etc.