Good wholesalers do their research. They have to. Otherwise they don’t do much wholesaling.
Think about it.
Wholesalers have a challenge. First they have to find properties that are below the market. Then they have to negotiate the price down far enough that they can add their profit to the price and still have an attractive deal for other investors.
To ‘steal’ houses, they have to really know their neighborhoods. They need to know:
- The prices of retail properties – also called ‘after repaired value’ or ARV.
- The cost to fix properties.
- The people who would be willing to buy those properties.
Traditionally, wholesalers and all other real estate investors relied on many different sources to find out what the ARV is, as well as finding those cash buyers. Now there is a website that can help them with both problems.
Where to Find the Good Stuff
That…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.