He seemed to not be very sophisticated and did not know much about the house. 

Once you start to scale up, then it makes sense to invest in a more sophisticated software.Congrats on the first purchase!

I still have to list all of my product on MLS no way it would sell fast enough with us just doing our facebook thing.. a lot of it is the sophistication of our buyers.. these are first time or one move up at the 400 to 550k mark here in Oregon and or Charleston were I am active.

Down the road you might want to move to something a little more sophisticated like Carrot.Best of luck to you!

I don't get too sophisticated.

I hope you get two more votes Frank then you will have double the votes to posts.. which indicates strong content on your side.the ones that get rich in wholesaling generally are the ones that charge 20 to 30k to teach you how.. its a very very tough gig.and its highly regional too.. in some areas it can work pretty good especially in low value asset areas that are underserved by the real estate community and the sellers are not at all sophisticated in the ways of real estate or they are BURNT out landlords. either way.. it takes a good chunk of money … some great sales skills and organizational skills and TIME.  

No flipper in Austin is seeing those kind of returns anymore - just the most sophisticated. 

My business is sophisticated.

Your buyer won't be sophisticated enough to understand the risk, and won't even bring this up. 

Note, while Rule 506(b) allows for sophisticated investors to invest in a particular deal, these investors must have pre-existing relationships with a deal sponsor prior to investing with them!