Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago, 07/08/2016
Buying from a wholesaler for very first deal???
As a newbie, I'm soaking up as much info as possible, but most of the wholesale topics I've seen are in regards to selling. Though I'm just starting the education phase, I have an acquaintance who knows I'm very interested in REI and is putting me in touch with someone who seems to be a wholesaler, as he's told him he "may have a deal for me". I may meet with him as early as tomorrow to hear what he has to say/offer, but he definitely knows more than I do. I'm wondering what questions are a MUST ASK to protect myself from any newbie mistakes? Again, sounds like he has a house he'd be wholesaling to me to flip or rehab to rent. I think I'm too green to be considering any deals just yet, but also don't want to pass up a good deal from someone who may very well be trying to legitimately help a newbie get started. I can give more details after we meet but would like to know some good questions to ask him. For what its worth, this guy has a wide range of REI experience over many years (not just wholesale). Also, sounds like this oppprtunity would likely be close to 2 hours from my home.
Any and all guidance is appreciated!
Chad