Effective Wholesalers Provide Information

[Adam Schneider]

To be an effective Wholesaler, provide information about your product. It's so frustrating for the end buyer to have to do unnecessary research or to be misinformed about a product marketed by the wholesaler. Here are some items I share when wholesaling:

--How I came up with my ARV (i.e. comps in last 12 months in same subdivision for properties with at least 1500 SF).

--Main repair items needing attention. If I know the age of the roof/hvac/water heater, I'll share that.

--Rental Information if it's a Buy/Hold (i.e. provide recent rent roll, or MLS rental comps, or the specific property manager's company that provided information to me)

--Photos (legit photos)

--Property Disclosure form if I have one from the previous owner

--Taxes if unusual, or HOA dues.

In short, make the process easy for the buyer.

PRO TIP: If you are a broker, offer to list the property after it has been rehabbed.