Wholesale

Discussion in 'Innovative Techniques' started by iceee, 14th Jun, 2015.

  1. iceee

    iceee Member

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    Does anyone here do any wholesale strategy and if so, how you got started and any tips to get started?

    Thanks in advance.
     
  2. jerrybee

    jerrybee Member

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    Ice, what are you selling exactly? The blue stuff?
     
  3. LeoT

    LeoT Member

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    Property Development.
     
  4. mrdobalina

    mrdobalina Member

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    Jesse, get back to work.
     
  5. D.T.

    D.T. Property Lookerafterer

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    Been reading too many American books?
     
  6. see_change

    see_change Apprentice Timing Lord

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    Good marketing phrase for spruikers

    Cliff
     
  7. Paul@PFI

    Paul@PFI Tax, SMSF & Planning

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    Explanation : Spruikers tell mug investors they get a wholesale price to move a number of properties and any profit they make is out of that. They dont want to tell an investor they are paying for their income. Sure dev's may well offer a incentive fee but why would it be more than a REA can deliver ?? Some spruiker deals can be overpriced in the range of $20-$40K. And sometimes the spruiker is in with the developer and agree to split profit from the mugs. Why would a developer give away a market price ?? They don't.

    Reality is you are may be shown a overvalued property with a (dodgy) valuation and sometimes even dodgier finance. Sure its all ready to go. The faster you sign and don't seek independent advice the better.

    My tip : Get your own valuation from an independent valuer / bank / broker / and compare them.

    QLD based ? Southport seems to be the Bermuda triangle for scam artists.
     
  8. Ausprop

    Ausprop Member

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    the other thing is that often 'wholesale' is a pitch word for being a developer. Developers get rewarded. why? because they carry risk.
     
  9. Ace in the Hole

    Ace in the Hole Don't compete, Dominate !

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    I usually buy my properties at retail price, but only when there is a sale on or they are run out models, so still get a good price.
     
  10. The Y-man

    The Y-man Member

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