Meeting with a wholesaler

[Jason Holmquist]

Hey guys, I meeting with a wholesaler tomorrow and it’s my first time going into this.  I’m using a local company that has actually been posted on here (Networth Realty). Anything thing I should ask the broker on my first visit? be weary of? I know at the end of the day it’s my decision to pull the trigger on an investment property but I want to make sure I’m a little prepared before I go in.  I do plan on walking in with reviews about them to see if they can explain what may have happened in certain situation (is that a bad idea?) Any suggestions would be much appreciated, thanks!

[Cory Vines]

@Jason Holmquist Great to see you are getting hooked up with our Dallas office. I worked out of the NetWorth Dallas office for 5 years before coming out to San Diego and still have many friends in that office so they should take good care of you. Matt is 100% right that you should never rely on anyone elses #s. There is inherent risk in every investment, and while we try to take as much risk out of the deal as humanly possible at the end of the day it is going to be your property and project. 

An absolute must is having a way to double check values, ideally being able to use the MLS for comps. If you are using a GC for the project, bring them out to the house before locking up the property so they can confirm rehab #s. Those are your 2 big risks in the deal, value and rehab, so if you can verify these before you are committed you are setting yourself up for success.

As for Matthew's comment, we do not have an office in Maryland so I am not sure if he has worked with us before. That said, as an Army Veteran I personally take my integrity VERY seriously. So lying or lack of disclosure is unacceptable by me or any of the agents in my office. I personally know Mark Bloom, the GM of the Dallas office, and this is important to him as well. He is right that we do not make money unless you or someone else buys that property from us. But to us it is not about selling you one deal. We want an ongoing relationship where we do 5-20 deals a year together. Making good customer service, a good deal, and your success of the utmost importance to us. If you need any help with our Dallas office, please do let me know. Always to happy help and best of luck to you.