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Updated about 10 years ago on . Most recent reply
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Cash Buyers -- Please Help
I'm not going to ask for cash buyers, and I'm not asking for a mentor or anything of that nature. I simply want to be the best wholesaler in the DFW area. There's a lot of competition for your services, and I want to set myself apart. I want a great reputation. And I want to go about this the right way.
What are you looking for from a wholesaler? I know you don't want us to waste your time. But specifically--what are the things that wholesalers do that are deal-breakers (so that I can avoid these activities), and what are things that you wish we would do? Is it as simple as better analysis? Better presentation?
As always, thanks so much for your time and your thoughts. I really appreciate it!
Most Popular Reply
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Find good deals, and make sure you are adding value to the transaction. Honesty and integrity go a long way in building long term relationships.
I am a wholesaler in DFW (but I also buy from other wholesalers). I have gotten beaten out on many deals with sellers only to later see the house advertised through various wholesaling channels with repairs or ARV being grossly misrepresented.
Also, if a wholesaler sends me a deal that is just a house they put under contract on the MLS and marked up, I take myself off their list. Nothing wrong with MLS deals, but if you can't negotiate a better price for the end buyer than the list price, you are adding zero value.