Wholesaling in Indianapolis in 2020?
Greetings All! In an effort to apply my knowledge, learn more as I work, and raise capital for future BRRRR investments, I'm ready to begin wholesaling in the Indianapolis market.
As an investor, what are your main recommendations or desires for working with wholesalers to find great deals?
Also, are there special/legal guidelines a wholesaler should/must adhere to (that are unique to this area)?
Any relevant feedback is very welcome...
Most Popular Reply
Find a niche of property type and location. Get very good and marketing and extracting deals at prices realtors, flippers, rehabbers, can't find on their own. Build a strong buyers list. Operate with integrity and honesty.
Most importantly, don't be greedy. I have no problem with wholesalers making a nice profit....so long as there's some left over for the guy taking the majority of risk...me! Most deals I see from wholesalers are taking too much of the profit of the deal through their fee and leaving me with the opportunity to make a small return, only if everything goes perfectly. Pro forma with rehab budget projections of 10-20% less than actual, sale prices/rental projections of 10% more than you can actually get.