Why Did My Wholesaler Pass Up On This Deal?

[Nathan Faucett]

Hello all!

I am currently making connections with wholesalers in my local area. Everything is going great so far but I have an interesting question that I have come across.

Some of the wholesalers in my area are also investors. Obviously the deals they wholesale aren't right for them for one reason or another.

My question is this: Is it considered professional to ask a wholesaler/investor why they are passing up on a deal themselves or is it bad form? Obviously I am responsible for my own due diligence in these transactions, but I want to understand why something wasn't right for them. Did they discover some horrible issue that they didn't want to deal with? Or is this just in the wrong location?

Would love to hear the opinions on this!

[Nik Corbaxhi]

@Nathan Faucett, it is an interesting question and it is absolutely a legitimate concern. There is nothing unprofessional about asking why they passed on the deal, especially if they are also investors. It could be as simple as the return was not worth it to them, but might be to you. I think it is very important to build relationships with these wholesalers over time, to a point where if something is wrong with a property you would want them to disclose with you. In the contrary, they have to look out for themselves and will not disclose any major issues with you, strictly because they want to just get rid of the problem.