Expectations when buying from wholesaler

[Andrew DeWeerd]

Hey BP!

I've got a friend who just started wholesaling and got a off market deal under contract that's also a great deal for me to be a BRRRR or flip home run. It's his first wholesale deal as well as my first time buying a wholesale property, so a bit of blind leading the blind... I'll ask an agent I worked with tomorrow, but I wanted to hear from the BP community: when you're buying a wholesale property, what is your expectation for the buying process from the wholesaler to perform, and what I would be responsible to do from presentation to close? Thanks in advance, I'm excited to get my first BRRRR and wholesale deal under my belt!

2/2, 980 sq ft bungalow with newer detached 800sq foot block studio (converted garage). Both structures have metal roofs, located in Bradenton, FL.

Wholesaler got it for $75k, presented to me for $85k, with ARV of $140 with $5-10k remodel needs (will vett in due diligence). Comps I pulled in area are between $160-$162k.