11h • INSIGHTs
Wholesale tips
Buying real estate in San Diego from a wholesaler can be a great investment, but you’ve got to watch for red flags. Be cautious of overpricing, always ask for solid comps to justify the asking price and confirm the true ARV. Ask directly if they’re licensed and verify it. If they’re holding the contract, make sure they actually have equitable interest and the right to assign it,ask to see the original agreement. I know people on Ruben’s team were asking these questions at the last event and most wholesalers don’t believe that transparency matters. Don’t be afraid to ask how much they expect to profit on the deal either. If they avoid sharing comps, dodge license questions, can’t prove contract control, or get vague about their spread, that’s when you may want to walk away from a deal.
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Wholesale tips
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