Below you will find the benefits of working with wholesalers to find your deals.
- Like Wal-Mart, wholesalers usually buy in bulk and therefore get discounts that they can pass to you.
- The big wholesalers in your area make money on volume; they don't make a bunch of money on one deal.
- Volume wholesalers usually mark up their deals a few thousand dollars and leave most of the profit for other investors.
- Wholesalers that know what they are doing will sell deals that make their clients money so they will keep coming back and buying more.
- Wholesalers look at hundreds of houses and make hundreds of offers to find their deals.
This takes a lot of time and work which you will not have to waste your time doing.
- Wholesalers allow you to focus on your exit strategy.
- Wholesalers are already getting first call on the best deals because of their relationships that they have built over time.
It will take you years to build those relationships.
Overall, trying to find better deals than your local wholesaler is a waste of time.
At best you may save a few thousand bucks finding the deals yourself.
You will be a lot better off and achieve your investing goals a lot faster by taking advantage of their time and expertise.
Bottom line: work with the local wholesaler, and you don't have to spend all your precious time and money trying to learn how to find the best deals, - they will bring the deals to you.