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Updated over 4 years ago on . Most recent reply

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James Walton
  • Nashville, TN
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Questions I should be asking my wholesaler?

James Walton
  • Nashville, TN
Posted

Hi guys, I am new to the real estate game. I am meeting with a wholesaler this week. They say they have great deals and a lot of there properties are not on the MLS. I figure it can not hurt to sit down and see what they have to offer. Are there any questions or concerns I should be asking or looking out for when I meet with them?

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Jeremy Galloway
  • Real Estate Agent
  • Birmingham, AL
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131
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Jeremy Galloway
  • Real Estate Agent
  • Birmingham, AL
Replied

@James Walton Are you looking to buy/hold or flip? There's plenty of question that each rabbit hole could offer. As for them, ask them how they work? Sending out deals via text/email/calls? Do they put lock boxes on the contracted houses so you could go view them on your own? Do they typically assign their contracts or double close (if they assign it to you then they would need to provide a contract to you before signing their assignment FYI) What do you have available now? How many deals have you closed this year compared to last? Any JV or partners? Who does your closings (title/attorney)?

I'm a wholesaler in Birmingham, so I'm just regurgitating some questions asked by me. 

Hope that helps getting things started. 

  • Jeremy Galloway
  • [email protected]
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