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Updated almost 7 years ago,
Buying from a wholesaler...logistics?
When you guys purchase from a wholesaler...how does that work? Who draws up the contract? Do you use your own realtor or lawyer? I'm not sure if I trust the wholesaler to draw up the contractor and help me with inspection and appraisal as an out of state investor. How do you guys do it?
Ex: Wholesaler X from Utah has a house to sell me that he's rehabbed and ready to go. He wants 48k. I do the numbers, it all checks out. Great! Now I want to make sure it was rehabbed well and there aren't lurking dangers, so I want a good inspector to look over it. And an appraiser to appraise in order to finance it of course. I do my own comps and ensure that it's well-priced. All checks out. I tell him I'm interested, let's do it........Now what?