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Updated over 2 years ago, 09/15/2022

User Stats

194
Posts
46
Votes
Corry Taie
  • Menifee, CA
46
Votes |
194
Posts

Wholesalers?

Corry Taie
  • Menifee, CA
Posted

Ok. First of all... I am not looking to hear from "wholesalers". I want to hear from INVESTORS/ REHABBERS who actually buy from real wholesalers. So Does anyone here actually know any GOOD wholesalers? I don't mean to sound rude, but I have yet to find any that don't under estimate the rehab costs & over estimate the ARV. When I started out. I wholesaled & I would put together a proforma with 3 BPO's & 3 Contractor Estimates & a CMA. The investor buyer had all the info up front & when they did their own due diligence, they found my numbers to be accurate. Buy doing these couple of extra steps (which did not take much time & was not much work at all), I gained the trust of my buyers & they sent all of their friends to me. However, now that I don't have the time to do all of this myself, I am having a fairly dificult time finding wholesalers that give accurate numbers. Then if one of them actually has a good deal, when you get to the closing table, you find that 5-10K for assignment or whatever is not enough. I actually saw one where the "wholesaler" was trying to collect over $40K... You can guess how quick that deal went south. So do any of you know any real & good wholesalers? I am in So. Cal. & looking in Riverside, Orange & San Diego Counties if this helps.

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