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Updated about 6 years ago, 12/10/2018
Should I buy from wholesalers as a beginner?
Hello. I am wanting to acquire properties using the BRRRR strategy, and it seems that unless I'm willing or have time to drive for dollars, my best bet would be to find deals through networking and/or wholesalers.
The issue I see with using wholesalers is that it seems like they typically want to turn around a contract quickly using a cash purchase. This normally wouldn't be a problem for a seasoned investor, but for a beginner who may need more time to evaluate the property before closing, I fear that it would turn off a wholesaler when working on deals with me.
How long does it typically take to analyze a wholesale deal? They come and go so fast, that I don't want to make the mistake of buying before I really know whether I can handle the rehab on time and on budget.
Thanks!