Multi Property Wholesale Question

Multi Property Wholesale Question

Rental Property Investor · Atlanta, GA · Member since 2014 · 30 posts · 3 votes

Hi BP.

Has anyone ever did a wholesale deal for multiple properties at one time? If so, can you give me some tips?

Thanks

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  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    7y

    It’s like anything wholesale deal. It needs to make sense. As long as you are direct to seller and the properties have upside potential you shouldn’t have any trouble.

    Most package deals do not make sense financially and the sellers will sell units individually. 

  • Specialist · Purcellville, VA · Member since 2015 · 1k+ posts · 841 votes
    7y

    I haven't done this, but I was warned to look at each property carefully.  A seller who does this might very well be slipping a property or two into the bundle that they couldn't otherwise sell.  Overall the numbers might work, but they need to work on an individual basis.

  • Rental Property Investor · Atlanta, GA · Member since 2014 · 30 posts · 3 votes
    7y

    @Greg Dickerson thanks. I have received similar advice from other investors.

  • Rental Property Investor · Atlanta, GA · Member since 2014 · 30 posts · 3 votes
    7y

    @Barry Pekin Thanks. I have since asked many questions about condition. 5/6 are currently rented. Don't think it will work well even as a turnkey opportunity. Pricing may be too close to retail price.

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