Updated over 14 years ago on . Most recent reply
Wholesalers who think their deals are great
Ok..so this might be a rant.. But I get so many people pitching me their latest and greatest deal of the century. Seriously most of the deals I hear from wholesalers is nonsense. Not far off then the long lost relative emails you get asking for your bank info.
In all seriousness, I love wholesaling...I am a wholesaler myself. I find that most however have no clue how to put a value onto a property. The ARV is always way too high, costs for rehab are way too low. It just takes away from being a professional, and adding value to your end buyer. Not to mention that some real investors look at wholesalers in general as not being credible resources. Any good investor will put in their due dilligence, but still come on!
Just my thoughts as I just got another call on a deal that I know they dont even have tied up yet they say they do. :lol:
Most Popular Reply
#4 Off Topic Contributor
- Investor
- Round Rock, TX
Wholesaling suffers from the same problem that bulk REO, CRE funding, and several other niche areas suffer from....there are 95% pretenders crowding out the 5% real players.