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Updated over 8 years ago,

User Stats

86
Posts
25
Votes
Philip Pape
  • Investor
  • Bloomfield, CT
25
Votes |
86
Posts

Pros/cons of buying from wholesaler for newbie in Connecticut

Philip Pape
  • Investor
  • Bloomfield, CT
Posted

Hi all, I'm a new investor in Hartford County, Connecticut. I'm interested in flipping SFRs. I will be meeting with some agents/brokers about finding REOs, short sales, and such. However, I'm also interested in finding deals from wholesalers.

Does anyone from the area have advice on the pros/cons, any helpful educational resources, and how actually to find solid wholesalers? I've heard time and again on the BP podcast how most wholesalers just don't cut it (they either undervalue the ARV, pay too much, misrepresent the rehab costs, or take too much profit), but I understand that's just a generalization.

I appreciate any insight you have!

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