Should I buy from wholesaler or negotiate an MLS for a BRRRR?

[John G.]

Hello fellow BP'ers,

I'm looking to do my first BRRRR (in Atlanta) and am wondering what the pro's and con's are of picking up a SFR from a wholesaler vs a RE agent? I have gotten in contact with an agent in the city, and hope to negotiate a good retail deal. But am starting to wonder that a similar property could be cheaper through a wholesaler.

1. Help. I just don't know.
2. Generally speaking, how do wholesalers prices compare with "motivated" sellers on the the MLS?
3. When wholesalers pickup properties at a discount, do they mark it up to near retail pricing?
4. Are wholesale prices typically negotiable?
5. Do wholesalers do any due diligence with regard to the properties they offer? (Title issues, liens, inspections, etc).
6. Or do they just get the property under contract with zero contingencies then look for a buyer?

Thanks!