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Updated about 7 years ago,
Expectations when viewing home to wholesale
Hello BP,
I need some help! This might seem trivial, but it's happened so I'd like to know how wholesalers handle this.
When I go see a house for possible wholesaling - first question: is it ok to go ahead and bring inspector and/ or GC with you?
The reasons being: time is money. I want to make an educated offer before I leave that sellers porch. And this is assuming I have already run comps before I set foot on the property.
Second question (if yes is the answer to the first)... How in the world do you keep the seller busy while the inspector/GC does their thing?
Reason I'm asking: I scheduled and met with a seller who was willing to let me take a look. I brought my inspector, because I wanted as much info asap on condition of home... well the seller and I talked quite a bit, but every single time he saw my inspector, inspect .. "what is that? What do you see?" Etc..
So ... my seasoned wholesalers - I'm sure you are well versed in calculating a pretty accurate ARV without a GC or inspector ... what advice would you give to a new wholesaler??? I want a good reputation as a wholesaler, not a greedy or inaccurate one.
Many thanks in advance,
Erin