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Updated about 6 years ago on . Most recent reply

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21
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7
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Yuttana Chawengsub
  • Rental Property Investor
  • Topeka, KS
7
Votes |
21
Posts

How to vet a deal when buying wholesale.

Yuttana Chawengsub
  • Rental Property Investor
  • Topeka, KS
Posted

Dear BiggerPockets community,

I am planing to buy a property from a wholesaler I met at the REI meet up. I never buy from a wholesaler before. My experience is to by from a real estate agent. My question is how do I do my due diligent when buying from a wholesaler? Can I use my real estate agent to help me with the process? What do I need to look for? What can I do to prevent my self from unforeseen surprises? I would love to hear from experienced investors who have done this before. Any insights are much appreciated.

Most Popular Reply

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3,042
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1,770
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
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3,042
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Yuttana Chawengsub If you have an agent that is an investor you're golden...my normal process would be to run a comp report in RPR and Core Logic...pull historic MLS records, review auditor data...and essentially any other data to assemble a clear picture of the property...then we start to talk through analysis...based on investor need of course....pretty simple stuff, generally.

What type of property are you looking at? residential?...that makes things a bit easier....

  • Brandon Sturgill
  • 614-379-2017
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Realize Property Management Group
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