5 Reasons Why I Said No To A Property Today
I find a lot of deals that wholesalers send me. Properties you see on the MLS are retail priced properties. Wholesalers are a different bag. They usually offer properties that have big discounts but also come with higher deferred maintenance costs. Normally, these have to be cash deals. In my experience, the sellers come with baggage too. I've dealt with two prior angry wholesale property owners. The Wholesale agent strikes an agreement with their client. They pocket any money above and beyond what they've agreed to give the seller. They have no incentive to take a deal below the seller's strike price, or even near the strike price. Today was another strange wholesale day....the owner had an angry dog... and we couldn't see the whole property. Ultimately, the cost to bring the property up to speed was almost as much as the cost of the home. I am going to share the letter I sent today (taking names out, of course). I am not obligated to give feedback, but felt i...