Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

57
Posts
8
Votes
Richard Arden
  • New London CT
8
Votes |
57
Posts

should I buy from a wholesaler my first deal?

Richard Arden
  • New London CT
Posted

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

User Stats

41
Posts
37
Votes
Shawn Greeves
  • Wholesaler
  • Chesterfield, MO
37
Votes |
41
Posts
Shawn Greeves
  • Wholesaler
  • Chesterfield, MO
Replied

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.

Loading replies...