Buying through a Real Estate Agent vs a Whole Saler

[Aiesha Hooper]

Hello brilliant REI's !

I am interested in doing my first fix and flip in the Baltimore area. Could you tell me any pro's and con's of buying from a wholesaler vs a real estate agent?

Bonus Question: How do you go about finding a team of trustworthy contractors when you are new to the process of doing renovations? Also, for a fix and flip, who are some key players, you would want to have on your team (ex. roofer, painter ) I have tried meet-ups, but I haven't encountered many people who are willing to share their connections. 

Thank you in advance,

Aiesha Hooper

[Ryan M.]

@Aiesha Hooper They should really be called "assignors" because wholesaler implies that they buy and sell inventory, which many do not. Many "wholesalers" are newbies and have no funds and no intention of buying the property. They hide/redact the contract they have with the seller as long as they can, even though the contract is what they are really selling 🤔. There are a lot of pitfalls in dealing with these type of deals, especially for a beginner.

Like another poster commented, a realtor that represents you at least has a fiduciary duty to you and is regulated by a state board.