Buying deals through a Wholesaler

[Tim Healey]

Hi... I currently hold 4 rental properties and am thinking about how I will go about expanding this little empire of mine. I have listened to a lot of Podcasts (BP & others) and read a lot of books, and there is tons of discussion and coverage on how people become wholesalers, how they run their wholesale businesses, how to get leads as a wholesaler etc. However, I don't hear/see much discussion of people's experience in buying from wholesalers. So I'd love to hear more about being a buyer of wholesale properties....Here are a few questions that come to mind:

1. What good/bad experiences have you had?

2. Are you getting deals below market or have you walked away thinking you should have just gone through the MLS?

3. Have you financed a property purchased through a wholesaler and how did this go?

4. Do you know of any good wholesalers in the West Palm Beach area?

Thanks everyone! 

[Chris Boyd]

Ok, so now it's time to hear from a wholesaler. Yes there are good one's and bad one's ( just like everything else). A wholesaler pulling deals off the MLS is probably very new and doesn't know yet how this business works.

A good wholesaler is a researcher. We find off market properties that investors do not have the time or energy to find. We are master negotiators. We work with both sides to structure a deal that is good for everyone ( The three legged stool theory comes to mind). Cash deals do work best, but a good wholesaler can sell to individual  investors, retail buyers or Investment firms (hedge funds, REITS).

Aso for my buyers list, you must qualify to be on my list. I only send deals to you based on your specific criteria, I do not piggyback, and there are no MLS properties being sent to anyone.

It's about the numbers, Integrity, and making everyone money.