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Updated almost 7 years ago on .

User Stats

137
Posts
135
Votes
Keith C.
  • Lender
  • Central Florida Markets
135
Votes |
137
Posts

Wholesalers < > Nationwide firms

Keith C.
  • Lender
  • Central Florida Markets
Posted

Any BP members that have done any  deals with the larger nationwide wholesalers  that were profitable ?

I dont want to mention names , you can PM me if you are not sure who they are.  

I receive multiple city listings  via emails and text daily. I feel they  use  Hard sales tactics geared towards new investors who feel everything they pitch is a deal . Requirement avg 5k non refundable deposits.. and typically they try to push purchase  site unseen  and or very little time time to inspect ( at least one does )  , Many deals are going within the hour. ( so they say ).

I feel they hype newbies.

Issue is Almost all the deals I run numbers based on their own calculation , Buy, rehab and ARV's -- only leave the buyer 15-18% after the flip side sales commissions. With that margin if anything goes wrong your pretty much up the river without a paddle.

I wanted to know if anyone else had success or opinions. 

They both cover most of the SouthEast and West Cities.