Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago, 04/13/2024

User Stats

89
Posts
26
Votes
Lilly Fang
26
Votes |
89
Posts

First time working with a wholesaler. I asked for one more walk-through. unhappy

Lilly Fang
Posted

I just started buying off-market properties for BRRR for myself. I usually JV with my partner do flips, but he handles everything. I only contributed financially and gave some design ideas. That says I don't have much experience.

PinPoint Offers sent me a few deals, and I placed an offer on one without seeing it. They called me, saying my offers were the top ones, and gave me a very short notice to look at the property. Yesterday, at 4:30 p.m., I got the notice, and I had to be there at 6 p.m. I went there by myself and had a budget in mind afterward. I actually increased my original offer by 10k, and PinPoint accepted my offer today. My flipper friend suggested I go there tomorrow with his contractor to ensure I am in good hands. I talked to PInPoint about this. PInPoint was very unhappy and seemed like I made this very difficult. 

My question is: am I acting dramatically? Out of norm? Break some industrial rules?

non-refundable EMD is due in 24 hours, which is tomorrow 6pm. We can go there and have a look anytime before then, and I can send EMD if everything is as I planned. It won't delay any progress. The owner lives in the house, but she is very friendly. I don't think it will be an issue to go there one more time for 10 minutes. PinPoint sounded like if you want to have a look again, we will give the offer to others. Anyway, the PinPoint guy said I will have to talk to my team tomorrow.

I have never bought directly from the wholesaler or PinPoint. Am I breaking any rules here? 

Loading replies...