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Forums » Wholesaling » Need To Find Wholesalers

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8 posts by 8 users

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Chris Anderson

Real Estate Investor · Niceville, Florida


Forum_avatar_avatar-nobullre

Icon_minipost Apr 14 '09, 01:29 AM

Good morning.

I am trying to find the most efficient way to get wholesalers hunting deals for us. Historically, we work directly with banks, developers, and builders and have been out of the individual investor game for a bit.

To implement a program for our large group of investors (~30K), one piece that I need is wholesalers bringing us deals on a steady basis. We can buy, can rehab, can do all the pieces but just need good access to deals in specific locals.

Two areas that I am looking for right now are panhandle of Florida and down in Tampa /St. Pete.

To implement are program, we need deals that purchase + rehab < 63% ARV, decent area, + ...

So two questions:
1) At that 63% target, is it realistic than a wholesaler can still make money; and

2) How do I efficiently find wholesalers that can fit that bill, especially in the Florida area.

Thanks for any help that you can provide.

Edited: 06/26/2010 at 07:55AM


Matt Rosen

Real Estate Investor · Honolulu, Hawaii


Forum_avatar_avatar-hawaiiinvestor

Icon_minipost Apr 14 '09, 07:01 AM

Chris, I would love to talk strategy with you

Please P.M me to discuss

Matt

Edited: 06/26/2010 at 07:55AM



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Ryan Webber

Wholesaler · Amarillo, Texas


Forum_avatar_avatar-ryan_webber

Icon_minipost Apr 14 '09, 11:57 AM

Wholesalers are normally the easiest investors to find because they're goal is to market themselves.

I would recommend calling I buy houses ads everywhere you see them. Pick up a newspaper and you are bound to see two or three either looking to buy houses or marketing some they trying to sell. Local REI clubs are a haven for them, also. A good wholesaler is focused on finding deals and building their network of buyers, so just look in the places that they would be doing that and you will find them.

As for 63% being realistic, it depends on the market and the wholesalers. It is absolutely possible, but you will have to search through the wholesalers and the deals just like anything else.

Edited: 06/26/2010 at 07:55AM


Hugh Hill

· Alabama


Forum_avatar_avatar-boazbama

Icon_minipost Apr 14 '09, 12:36 PM

Charles P,

Do you mind explaining how your Control and Roll method works?

Thank You,

Hugh

Edited: 06/26/2010 at 07:55AM


James Ward

Real Estate Investor · Ocala, Florida


Forum_avatar_avatar-crosswind_

Icon_minipost Apr 14 '09, 11:17 PM

Chris,

1) Yes, your numbers of 63% are do-able.

2) Go to the local REI meetings in the areas you are interested. (I am in Ocala, so if that area is okay, we can talk.)

Just state what you are looking for upfront and the wholesalers that have that type of properties will be in contact.

Good Luck!

Edited: 06/26/2010 at 07:56AM


Corey Demuth

Real Estate Investor · Queens, New York


Forum_avatar_avatar-mizugori

Icon_minipost Apr 15 '09, 12:29 AM

Chris, if you're interested in NY, CT, and/or MA, I am just getting started in that area so we could work together.

Edited: 06/26/2010 at 07:56AM


Kurt Westfield

Real Estate Investor · Tampa, Florida


Forum_avatar_avatar-kurtwestfield

Icon_minipost Dec 18 '09, 03:51 AM

Hey Chris,

I am a regional wholesaler with multiple properties in the Tampa Bay area. Let me know what you are looking for.

OR, checkout my property list w/ photos at WWW.WESTFIELDHOUSING.BLOGSPOT.COM

63% is simple -- I have homes priced at 30%!


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