Watch our for this Wholesaling trick! #realestate #realestateagent #realestateinvesting #real #tips

16 Sept 2023 · 1 min

Watch on YouTube

0:35

Steve D Valentine (speaker) warns about a common wholesaling trick where the same house appears on multiple wholesalers' lists at progressively higher asking prices (e.g., successive $5,000 markups). He recommends dealing directly with sellers or listing agents to avoid paying inflated prices and to have clearer knowledge of a deal's status.

Chapters

Here's what you have to be careful with in wholesaling is, you know, I was talking to an agent that's at Real, and he's starting to get in the investment. He made a comment about like, the deals just aren't good. And if you are on enough wholesalers list, you'll see the same house come through at four different prices, because somebody has taken that deal and added five grand on it. And somebody has taken that deal, another five grand and sent it out to their list. So all of a sudden you're like, who actually has this? And that's why when I want to buy things, I want to deal direct with seller or with the agents, because then I can deal direct that and I know all the things that are going on with it. And the wholesale, like the game is just.