Required experience to wholesale?

[Shane M]

Correct me if I'm wrong, a wholesaler needs to be able to walk into a property and determine an offer price that takes into account a profit margin for themselves and for the person they wholesale to (usually a rehabber of some sort).

Shouldn't you attempt to get some really good estimating experience BEFORE trying to wholesale on your own?

Even with a little experience you may be able to qualify a home yourself to determine if it is worth looking into, at which point you could contact a contractor and get some estimates for repairs to confirm your qualification.

But if you are having a contractor confirm your qualification, wouldn't you want to have it under contract before you had the contractor come out?

Before you make an offer, you better have a pretty good idea what a property is worth. Of course you can always put in conditions that allow you to back out, but the more conditions you have the less respectable the offer looks.