Updated 7 months ago on . Most recent reply
Questions when working with a new/unfamiliar wholesaler
As a new investor starting to look at wholesalers, what would be pertinent questions to ask about a specific deal? i.e. Condition, pictures, any financials they can provide. Is the property vacant? what are some other major red flag questions you might ask?
Thanks,
-Paul
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
I don't buy from wholesalers, so I never had to ask anyone any questions, but if I WERE to buy from a wholesaler (eewww, do you know who you are talking to? Do you??), I would ask...
"Does the seller know you are wholesaling this property?"
If the answer is yes, keep this wholesaler on your list. Chances are you have someone with honor transparency and integrity on your hands and that is very rare.
If the answer is no... well, if he lied to the homeowner, why would you think he would not lie to you?
But I am a weirdo, don't listen to me! :)