Buying from wholesalers for a first deal

[Nick Pascale]

Hello,

I'm a newbie real estate investor based in NYC. I'm trying to find my first deals as I'd like to hold some rental properties as part of a diversified investment portfolio. I'm looking to get started with something like 250-500k worth of properties in the next few months.

What do you think about buying investment properties from wholesalers? 

Right now I'm trying to make connections with sellers in the areas I'm looking (upstate NY, PA). From what I understand wholesalers operate on a large volume, low margin business model, so their selling price shouldn't be too far from the fair price of the house. Also having access to a large inventory of deals is important for me.

Thanks

[Carlos Zapata]

@Nick Pascale , congratulations,  Real Estate is a great business for everyone,  you can buy from a wholesaler ( we company wholesale deals on Miami area) but please do your own due diligences no all the wholesalers are the same, some add lot of profit to them  without leaving profit for you,  good luck