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Updated over 8 years ago on . Most recent reply

should I buy from a wholesaler my first deal?
I'm in the navy stations in pearl harbor. I'm from New York and plan on moving back in 2 years. I hope to make my first deal shortly after "time is money". I'm interesting in buy and holding and house hacking a 2 or 3 family home in Brooklyn Queens or Nassau depending. the market value on homes in these areas vary massively from block to block and most investment opportunities here are off market deals and hard to find. should I find a reputable wholesaler to buy my first deal off of instead of spending months and hours finding the "right deal"?
Most Popular Reply

Absolutely use a Wholesaler.
They spend their money to find deals so you don't have to.
Plus they are very motivated to sell. More than a home owner. Make low ball offers and be willing to walk away. Many times they want to get the house under contract before they have to buy it.
They are on a time clock to get a buyer before they have to buy. The closer they get to the closing day the faster the sale price comes down.
Me and my students buy tons of houses from wholesalers and we don't spend a penny on marketing.