Wholesale company owned house that isn't in the best shape

Wholesale company owned house that isn't in the best shape

Dubuque, IA · Member since 2022 · 55 posts · 8 votes

When I was driving for dollars I added a house to my list and when I was looking at the information I saw that a wholesale company owned it.  They have had it for almost 16 years.  What does this mean exactly because apparently it wasn't in the best shape or I wouldn't have added it to my list?  

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  • Real Estate Investor and Instructor · Gilbert, AZ · Member since 2010 · 303 posts · 332 votes
    4y

    I'm curious how you would know that it's a wholesale company that owns the property? I'm assuming it's part of the company name or on their website? Because if this company has owned it for 16 years they've got to be the worst wholesaler on the planet :)

    It could be that the new owner of the property wasn't properly recorded. Where did you get the ownership info from?

  • Dubuque, IA · Member since 2022 · 55 posts · 8 votes
    4y
    Quote from @Marty Boardman:

    I'm curious how you would know that it's a wholesale company that owns the property? I'm assuming it's part of the company name or on their website? Because if this company has owned it for 16 years they've got to be the worst wholesaler on the planet :)

    It could be that the new owner of the property wasn't properly recorded. Where did you get the ownership info from?


     I am using prop stream and under the owner's name info it said the wholesale company.  I also looked up the company and there wasn't much info on it. 

  • Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    4y

    Something is getting lost in translation. Maybe a company owned it for 16 years. No wholesaler is going to own anything for 16 years. Come to think of it I can't imagine any have been in business that long. 

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