Buying wholesale or rental for first time
I have been thinking about either wholesaling or buying rentals either long-term or short-term. I have read where it recommends that you get a realtor. It seems like you may not need a realtor if you're buying Wholesale but what about if you're buying a rental possibly off of MLS or from a wholesaler/FSBO. If you don't have a realtor how do you run comps to check numbers on a property. Is there a place where I can pull historical data from markets/ neighborhoods to see if buying property even makes sense for long term rentals and short term rentals (air bnb/vrbo )?
Most Popular Reply
@Suzanne Lee, Yes you can pull your own comps via zillow, realtor.com, etc... You do not need a realtor, but it will help save you time on a lot of other things that you may not be familiar with (i.e. understanding comps, negotiating on your behalf, sending you updated listings, and potentially off market deals/pocket listings, and so much more). We used a realtor when we first started, and we learned a lot from them. We also learned a lot just from reading the books and watching the videos from BP. I hope this helps, and good luck!