Buying From Wholesalers

[Stacy Schlicht]

Hi – I am looking for tips and advice for working with wholesalers. I have some capital set aside, but I not local and have limited time to find deals.

A few questions for seasoned investors who buy from wholesalers:

1. What does the wholesale process look like from a buyer’s perspective? I know you usually must close quickly with cash. Do you typically have time for a home inspection and can you make your offers contingent on this? How is a wholesaler fee calculated?

• Any watch outs to consider? I’ve heard it’s important to check title. Anything else you ALWAYS do when buying from a wholesaler?
• Do you ever buy from a wholesaler without seeing the property yourself? If so, who is best to use as your “boots on the ground”? A property manager?
• How do you determine if a wholesaler is good – honest, reliable, someone you want to work with?

Thanks for your help!