Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago,

User Stats

4
Posts
1
Votes
Steven Vaughn
  • Woodstock, MD
1
Votes |
4
Posts

Are wholesalers useless?

Steven Vaughn
  • Woodstock, MD
Posted

If finding good deals are so easy once you know how to market, then why do rehabbers pay wholesalers a finder's fee when they can just find a deal by themselves for more profit?
And even if I do find a really great deal and get it under contract, can't they just steal the deal from me by contacting the owner behind my back and setting up their own contract that is more appealing to the seller? If that's not possible because of my signed contract, then won't they at least try wait out my left over days for it to expire, and THEN set up their own?
I was just wondering.. because I feel like if experienced investors are tempted with a deal that has a VERY high ROI, they will try to take advantage of beginners like myself who have very little clue as to what they are doing. One of the reason why I haven't started is because I have a strong fear that I will be taken advantage of a lot!

Loading replies...