How to buy Wholesale?

[Erick Jordan]

I am in the DFW area and looking for something to rehab or buy and hold.   I am having trouble finding any deals that have the room to make any profit on and am now looking at wholesale "package" properties that have a, what seems like, decent margin.  I just don't know about buying a property through a wholesaler???  It seems like an ok thing but there is no way for "Due Diligence" on my part due to the fact that it is a non-refundable down payment and a very short closing period.  What is the general feel for wholesalers in the DFW area and how do you all deal with them? 

Thank you for your input!

[Steve Vaughan]

Be sure any 'non-refundable down payment' is made payable to a title co. and  not the individual wholesaler or their entity.  There have been threads here on BP about wholesalers taking several of these from different folks and disappearing.   It can be a shady business.  Good luck @Erick Jordan!