Investor Policies
Unlike many wholesalers, we've thought long & hard about how to make sure we
sell the best deals around. Experience has gone into the formulation of
these policies. If you don't like our policies, feel free to buy
elsewhere.
Except in very special
circumstances, we won't sell you your first deal:
Cry all you want, but if you haven't yet done a deal, look elsewhere.
First, 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 ripped off. We prefer to err on the
side of caution and protect our reputation by avoiding the whole situation.
Secondly, 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
should exempt you from this rule, let us know.
Unless otherwise
stated, 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. This is not very common.
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 will give you our honest, experience proven opinion of after
repaired value and repair costs on any 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.