Northwest Indiana, Buying from a wholesaler?

[Danny Lagestee]

I am rarely new to the real estate business and I am currently looking to purchase my first SFR property somewhere in Northwest Indiana. I have heard mixed reviews on purchasing from wholesalers. I know a guy who wholesale houses and I personally wouldn't buy a house from him. Anyone have preferred wholesalers they buy from in the Region? Or other suggestions in finding the homes? Got to start somewhere any advice is helpful. Thank you

[Adrien C.]

I'm not sure I should comment on this since I'm a wholesaler in the Region (but I'm guessing I'm not the one you wouldn't buy from since you just filled out my web form yesterday). What I tell everyone who asks about buying from wholesalers is it's not different from buying off the mls in that you need to do your own due diligence. The wholesaler may provide you with a rehab estimate (which is typically junk since they've never done a rehab) and some comps (which are junk because they don't have access to the MLS and use zillow instead). If you're looking at a listed house, you're going to get your own comps and figure your own rehab. I would make sure that you see a title commitment prior to closing on a property or taking over a contract. Wholesalers want cash buyers too. Hope this helps- give me a call if you have any questions about specific areas in the region you are looking to invest in.