Unlike many wholesalers, we've thought long & hard about how to make sure we sell the best deals around. Years of experience have gone into the formulation of these policies. If you don't like 'em, get your own wholesaling business!
We won't sell you a deal that we don't think you can handle: Cry all you want, but if we think that the job is too complicated for your level of experience, we won't sell it to you. Look, there are a lot of wholesalers who seem to specialize in selling new investors "great" deals. Sometimes this is an honest transaction, sometimes it is the new guy getting fleeced, or just buried under a rehab job that is way too involved for a first-timer. We prefer to err on the side of caution and protect our reputation by being willing to say, "this particular deal isn't right for you, newbie". Also, an experienced investor is going to look at the house the same day (or hour) he hears about it and will make a decision in the time it takes him to walk through. He won't need days on end to ask his spouse or consult his cat or talk to his ex-brother-in-law in Milwaukee who once came close to buying a rental. If you think you have special circumstances and/or experience that makes you a better risk than the number of deals you have done would indicate, let us know in the "other things we should know" section of the buyers form.
Usually, you must pay cash for our deals: For most of our deals you must have cash or a line of credit or a private lender or some way to come up with the purchase price in 10 days or less. There are times when we can carry financing or have time for you to get conventional financing. When you get called about a deal, we will mention it if there is any financing.
We will never lie to you about market value of a property or the repair costs, still, we insist that you get your own numbers: We get a professional After Repaired Value apprasial and a third-party repair costs estimate on every piece of property that we are selling, but don't ever take anyone's numbers as gospel. Check for yourself! We know you like us, we know you trust us, but this is not friendship, this is business and in business there is a proper way to do things and that involves independent verification.
We give ten percent of our wholesaling profit to charity: No, you are not a charity. You may, however, suggest a favorite charity for the donation from any deal you buy. We will try to honor your request as long as it does not conflict with our strong libertarian/capitalist principles.