BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago,
Buying for wholesalers?
Hello BP community! (The title should say Buying FROM Wholesalers)
I am a newbie to the investment world and looking for my first BRRRR investment. I'm leaning towards several markets including the Austin and Lubbock areas. My question is whether buying from a wholesaler would be a good way to find my first BRRRR property? My impression is that wholesalers (maybe some of you fine people!) find deals and get compensated for the effort when you sell the contract, BUT I also have been warned that buying from a wholesaler can be risky for a new buyer - for example, are they honestly representing the property, rehab and ARV numbers? Knowing that I must also do my due diligence upon finding a deal, does anyone have advice or experience with buying from wholesalers they are willing to share? THANKS!