@John Thedford
What is your PROBLEM?!!! For someone who’s supposed to be this big time knowledgeable agent/investor, you sure have a lot of time on your hands to be spewing all this unnecessary hateful rhetoric on BP!
I said I wasn’t going to respond to you anymore because it’s a BIG waste of time when I could be working on my business but I have to get you straight on a couple of things. First, I never said that I’ve never done a deal before, (there you go with that generalization/assumption thing you do again), as a matter of fact, I just sold a house last week. I said I’m still learning and I’d never done a portfolio of houses before. That’s what my question was about, remember?
Second, you seem to have a very jaded and inaccurate view about what wholesalers do based on the couple of bad experiences you’ve had so I’ll give you the other side of the coin. A great majority of the properties we take on are properties that are in need of repairs that can range from small cosmetic stuff to major structural damage inside and out. The owners understand and are willing to sell those houses at below market value because they know money has to be put into the house to restore it to market value and the investor has to be able to recoup his money and make some kind of profit for the time he’s put into it. The buyers (that you seem to think are all unsuspecting ignoramuses) are usually pretty savvy investors who know the market and do their due diligence to know what they should be paying for the house. So this whole idea you have of wholesalers all trying to get over on people by `taking’ their properties for next to nothing and then getting rich off ignorant buyers is ridiculous!
And we DO provide a service whether you believe it or not. Most agents don’t even want to fool with a lot of the properties we sell because they’re damaged and need work. So sellers are happy when we help them out. Also, I’ve had investors thank me for contacting them about properties because many of them are busy and don’t have time to look for properties themselves. Everything doesn’t have to go the way YOU think they should go just cause that’s the way you’ve always known it. Expand yourself, be open to new things. That’s what BP is all about!
