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Updated over 9 years ago on . Most recent reply

User Stats

367
Posts
78
Votes
Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
78
Votes |
367
Posts

Should I communicate with or ignore this wholesaler?

Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
Posted

Sooo, I looked at a property the day before I went on vacation but didn't make an offer as I wasn't sure I could make it happen being out of the country.  When I returned I found it went under contract. I was contacted shortly thereafter by an investor that is looking to turn-key the property. Not sure how they got my info, but anyways...  Hey maybe that means I'm out there as a big time investor. *sarcasm*  =)  We discussed an "as-is" purchase price, as well as after repair numbers, minus in place management and tenant. Shortly after that I was contacted by a wholesaler offering the unit for $5K over the after repair numbers I discussed with the investor. Just out of curiosity would you even address the the wholesaler and let her/him know you've been in contact with the investor/seller? Or just ignore them?

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