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Updated over 3 years ago on . Most recent reply

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Kalim Kalla
  • Investor
  • Atlanta, GA
115
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103
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what do you hate about wholesalers?

Kalim Kalla
  • Investor
  • Atlanta, GA
Posted

This is a question that has been on my mind a lot lately, What to buyers/investors hate the most about wholesalers? Why do wholesalers have a bad name? Are all wholesalers cast in a negative light? Lets hear it from the buyers and investors alike what don't you like about wholesalers and what is your past experience with wholesalers?

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Let's say 10 percent of wholesalers are good at their job. Those ones I absolutely love. The other 90 percent? Here are my gripes:

- Every single time ARV way too high and using the wrong comps AND reno budget way too low

- Blasting every deal out to everyone so you show up and it is a cattle call of unverified investors muddying the waters

- Not informing the seller about the assignment

- Wholesaling without money of their own or money backing making only an assignment viable for the seller to have success

- Telling you about a property they don't yet have under contract, but say they do

- Not providing full photos of the things wrong with the property, good wholesalers take pics of the worst things so we know

- Offering you a deal, then it's gone. Then two days later, they want you to do the deal again, but only in the next hour. YAWN.

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