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Updated about 11 years ago on . Most recent reply
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Doing an analysis
Is the persepective of the wholesaler doing an analysis on a property investment the same analysis and perspective the actual buyer/investor does? Let me rephrase if you're confused... Does the wholesaler need to know just as much about how to do an analysis as the buyer/invester? Or are they going to look at the same property from different views with different agendas and a different analysis?
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The more GOOD information a wholesaler can give to a prospective end buyer the better. You need accurate estimates of after repair value, accurate estimates for repair, etc. The quickest way to earn a bad rep as a wholesaler is to inflate the ARV, and deflate the cost to get it there.
Earn a good reputation, do it right and the buyers will keep coming back. Anyone can make a mistake and they do happen, so people will overlook the occasional "I missed that", but they will not work with "shysters".
In short, the answer is yes, the wholesaler should know just as much about how to do an analysis as the buyer/investor in order to earn and keep a good reputation.