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Updated over 6 years ago,
Is this Wholesale Overkill?
I'm just starting out in with wholesaling, with the hopes of helping me fund BRRRR. I've purchased a few deals from wholesalers and read a bunch on these forums and elsewhere. My thought is to do this right, providing investors with all the information they'll need to feel comfortable purchasing one of my deals. I want to know from other investors, especially ones that work with wholesalers, if what I am planning on providing investors is overkill.
Once I have a signed PSA, I plan on:
- paying for a title check (to make sure the title doesn't have any unexpected liens)
- scheduling a home inspection
- having a general contractor provide a renovation estimate (labor & materials) for both a fix-n-flip and a rental renovation
- An ARV appraisal
I am planning on compiling all of this information, along with a copy of the PSA, a full RentFax report, pictures of the property, and a video walk-thru into an "investor packet" that will be emailed to my investor list. My goal is to allow investors to feel comfortable purchasing one of my deals sight unseen.
I just know that not all wholesalers are created equal when it comes to due diligence. I want to exceed expectations. Any suggestions would be greatly appreciated.