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Updated about 5 years ago,
Are there any real wholesalers in Cleveland?
I want to pose a kind of survey to the people of Bigger Pockets who invest in Cleveland.
I’ll start by saying that I have no issues with wholesalers. They get a slimy reputation, but there are bad people in all industries. But, I’ve yet to come across one who has any kind of decent reputation in Cleveland. They all claim to be doing deals but are unable or unwilling to give any kind of testimonial from buyers they’ve worked with. If their buyers had so many great experiences buying their deals, then where are they?
There are plenty of buyers who got screwed and many more that came close to buying a deal that they would have been screwed on. I’ve met lots of them, yet I never meet people who have seen success buying from a wholesaler. And I meet a lot of investors.
I posed this idea to one of the popular local Facebook groups a while back and I got bombarded with wholesalers wanting to add me to their lists and talking a big game. Though, when I asked them to show me any kind of proof that they have wholesaled a deal to an end buyer and that end buyer actually flipped or BRRRR'd the property successfully, they all go silent. So I'm giving this group a shot.
Let’s not go into the ethics of wholesaling because that’s a black hole. I’m also well aware that many of the good wholesalers only need to sell to their go-to repeat buyers.
Has anyone who invests in Cleveland bought properties from a wholesaler and actually had a good experience? Meaning, they were given realistic numbers and weren’t blatantly lied to? I'm not necessarily asking for contacts, I just want to know if they exist!