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Updated almost 12 years ago, 02/03/2013
due diligence
Hey everybody,
I'm new to investing, I've been trying to snag my first wholesale for months now. No luck, did the direct mail campaign thing, a lot of responses, no deals. I'm racking my brain, to try and figure out if I'm spending too much time on due diligence. First off, is it really customary for a wholesaler to do deep due diligence work, such as liens and back taxes, mortgages, everything? Or is that something that is the end buyers responsibility? I feel like I should do some, but I also feel like I'm stressing out about it too much. I'm new and trying to streamline things so if anybody could tell me, in general, my responsibilities so I can streamline things that would be very helpful.
Thanks!