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Updated about 8 years ago on . Most recent reply

User Stats

138
Posts
29
Votes
Asim Alam
  • Professional
  • Tucker, GA
29
Votes |
138
Posts

Using A Wholesaler When Starting Out?

Asim Alam
  • Professional
  • Tucker, GA
Posted

So I'm looking to do my first flip this year. Finally got over my paralysis-by-analysis. I was hoping to begin my investing career at home in DeKalb County, Georgia, which I know inside out but it seems like the Greater Atlanta area is pretty well-developed already.

So I thought I should find my first deal by buying it from a wholesaler.

I'm thinking this is a good idea because then I can stay focused on securing financing and managing the contractors. (I'm really REALLY nervous about my rehab budget estimates since it'll be my first time.) 

What do y'all think? 

Most Popular Reply

User Stats

65
Posts
23
Votes
Jeff Dimock
  • Lender
  • Norcross, GA
23
Votes |
65
Posts
Jeff Dimock
  • Lender
  • Norcross, GA
Replied

I have purchased flips from wholesalers as well as sourcing them myself.  The source is not a big deal, it is the numbers that make the deal.  Subscribe to multiple wholesalers lists to get a solid feel for areas and for individual wholesalers figures.  But ALWAYS do your own due diligence.  Never use anyone's numbers but your own to truly evaluate a deal.  

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