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Forums » Wholesaling » I have sellers out of state but no buyers.

I have sellers out of state but no buyers. Subscribe to I have sellers out of state but no buyers.

24 posts by 9 users

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· Alabama


I had a few sellers contact me needing to sell some properties, but I do have any buyers. The one chance I thought I had was using those We Buy Houses companies that would buy properties from investors. I contacted the people over at Zbuyer.com and they told me they only buy residential houses directly from the private sellers, not investors.

I have sellers in Texas, California, Akron, Ohio and more. I need buyers that buy properties from investors in all states. Where would I look to find buyers who buy all across the states?


Wholesaler · Amarillo, Texas


In our current market, you are not going to find many if any buyers that buy across the country like you are wanting. You need to find investors in each specific area. What parts of Texas?


· Alabama


I kind of figured that out long ago after I made this post and got no response. I don't remember what part of Texas. Honestly it doesn't even matter anymore because I'm done with the so called "buyers" who contact me claiming they are interested in buying those properties only to never hear from them again. From now on I am going to stick with investing here in my own state.

Originally posted by Ryan Webber
In our current market, you are not going to find many if any buyers that buy across the country like you are wanting. You need to find investors in each specific area. What parts of Texas?


· Charlemont, Massachusetts


On their website they write: "Sell your home fast! Our network of investors and buyers are ready to make a fast cash offer on your home now!"

Who are their "investors" if not you?


· Alabama


I have no idea who their investors are. Have you ever had any experience with these type of people?

Originally posted by Craig Shrimpton
On their website they write: "Sell your home fast! Our network of investors and buyers are ready to make a fast cash offer on your home now!"

Who are their "investors" if not you?


Real Estate Investor · Lake Forest, California


Why not make "terms" offers to these sellers with a 30-60 day fuse? That way you can market them to other investors that intend to hold them. You could contact REI clubs in these different states to build your buyers list and convert those leads to sales.


· Alabama


I am not familiar with "terms" offers to sellers or how they work.

Originally posted by Shawn Watkins
Why not make "terms" offers to these sellers with a 30-60 day fuse? That way you can market them to other investors that intend to hold them. You could contact REI clubs in these different states to build your buyers list and convert those leads to sales.


Wholesaler · Valley City, Ohio


Antonio,
but the other areas you can use craigslist. If you have all of the details on a house and can get someone on the ground to show it for ya, you do not need a bunch of buyers, they will come to you!

Small_logo_largeRob Gillespie, Rob The House Guy, LLC
E-Mail: rob@robthehouseguy.com
Telephone: 330-800-9043
Website: http://AskTheHouseGuy.com
Rob@RobTheHouseGuy.com 330 800 9043 AskTheHouseGuy.com RobTheHouseGuy.com


Real Estate Investor · Lake Forest, California


Antonio,
Simply put you give them their price with your terms instead of cashing them out. By setting the monthly payments where you are comfortable you can then "back into" the sales price. ($100k sales price is $416 per month for 240 months)


· Alabama


I use Craigslist all the time. The problem is I only use Craigslist to post ads in my state. I do not use it for advertising outside of my state. I never heard back from the investor who sells these properties, so I stopped worrying about it. This is why I will not mess with the so called buyers from out of state ever again.

Originally posted by Rob Gillespie
Antonio,
but the other areas you can use craigslist. If you have all of the details on a house and can get someone on the ground to show it for ya, you do not need a bunch of buyers, they will come to you!


Wholesaler · Valley City, Ohio


Antonio,

Please do not take this the wrong way. I must argue the fact that you can find good buyers for a house that is REALLY A DEAL. There may be an issue with the areas or the homes that you are offering.

I had an 88 acre farm out of state and I successfully sold it. I do agree with you in staying in the area that is right in your back yard because it is much easier. I really only choose to invest out of state if I have a strategic partner in that area.

Small_logo_largeRob Gillespie, Rob The House Guy, LLC
E-Mail: rob@robthehouseguy.com
Telephone: 330-800-9043
Website: http://AskTheHouseGuy.com
Rob@RobTheHouseGuy.com 330 800 9043 AskTheHouseGuy.com RobTheHouseGuy.com


· Alabama


I don't know about that Rob. And speaking of really a deal. These homes I presented for all to see were real deals. That is why the buyers contacted me first expressing interest in buying these properties. They came to me. I didn't have to come to them. And to make matters worse, they were doing all the talk about how interested they were in purchasing the property. They got cash buyers lined up ready to close fast. Let's work together and get paid. All that crap they were telling me. When it came time to make good on all the stuff they were saying and take some real action, they folded. All of these were out of state buyers. For me, I like to do business with people I can see and talk to in person. I can't do that with long distance investors. If I have an issue with that person for whatever reason, I can discuss my issues with that person face to face. Despite what you say, I am speaking from my own experience dealing with long distance investors. That experience did not turn out good at all even when the deal was good. And no there were not any issues with the areas or the homes I was offering. I'm very upset with one those buyers right now for coming to me like he was so interested in getting the property I had only for him to back out on me after all we talked about.

Originally posted by Rob Gillespie
Antonio,

Please do not take this the wrong way. I must argue the fact that you can find good buyers for a house that is REALLY A DEAL. There may be an issue with the areas or the homes that you are offering.

I had an 88 acre farm out of state and I successfully sold it. I do agree with you in staying in the area that is right in your back yard because it is much easier. I really only choose to invest out of state if I have a strategic partner in that area.


Real Estate Investor · Audubon, Pennsylvania


Originally posted by Antonio Bodley
... These homes I presented for all to see were real deals. That is why the buyers contacted me first expressing interest in buying these properties. They came to me. I didn't have to come to them. And to make matters worse, they were doing all the talk about how interested they were in purchasing the property. They got cash buyers lined up ready to close fast. Let's work together and get paid. All that crap they were telling me. When it came time to make good on all the stuff they were saying and take some real action, they folded. All of these were out of state buyers.
...

Sounds like you were dealing with wholesalers, rather than real end buyers. Lots of these wholesalers aren't able to get funding, so they can only do a deal with you when they can find a real buyer. If they have no buyers, then they do just as you described.


· Alabama


He got to be a wholesaler for him do something like that. And I do not have time for wholesalers. I'm still boiling over that because this transaction was to be did and done with last month just weeks before Christmas. I was dead broke too with no money to buy gifts and here this guy comes along like Santa bringing me good news that he got cash buyers lined up ready to buy the deal. I was so happy when I got this news. Then little by little I noticed that this deal that we were supposed to close on fast was not moving so fast after all. I began to ask the guy what was going on with the deal not getting closed yet. He proceeded with some (blank) that "we need some more information about the property." "We still working on it." "Don't worry I will make sure everyone gets paid even if I have to come out my own pocket." That type of crap I had to deal with. Right then I figured this guy is not for real. He is playing people getting people hopes up like we had a deal and all that time it was a lie. The more I kept asking about the situation the more he kept stalling with excuses. When you get screwed over by someone long distance who you don't know and never seen before in person, there is nothing you can do. I'm telling you when you get screwed over like that you get to where you want to go see this person face to face to handle the situation. It's easy for a person to hide behind a computer hundreds of miles away from where they are pulling stunts like this. This can't happen when it is done right in your hometown close by. You know who the person is and where that person is. I am so sick and tired of people making promises they already know they cannot keep.

Originally posted by Steve Babiak
Originally posted by Antonio Bodley
... These homes I presented for all to see were real deals. That is why the buyers contacted me first expressing interest in buying these properties. They came to me. I didn't have to come to them. And to make matters worse, they were doing all the talk about how interested they were in purchasing the property. They got cash buyers lined up ready to close fast. Let's work together and get paid. All that crap they were telling me. When it came time to make good on all the stuff they were saying and take some real action, they folded. All of these were out of state buyers.
...

Sounds like you were dealing with wholesalers, rather than real end buyers. Lots of these wholesalers aren't able to get funding, so they can only do a deal with you when they can find a real buyer. If they have no buyers, then they do just as you described.


Real Estate Investor · dc, Washington D.C.


No offense, but I don't believe that wholesalers or doing deals remotely are the problem. I conduct the bulk of my business remotely, and I periodically work with wholesalers to co-wholesale some of my deals.

The problem is twofold: 1) your end-buyer (who appears to have been a tire-kicker) might have made promises that he/she could or did not keep, and 2) you mentally already cashed the check before you had it in hand.

I live in DC. I've learned through the years that people (especially some politicians--but I won't go there) will lie to you whether you're dealing with them face-to-face, via e-mail, or via phone. Some do it intentionally, and others have extenuating circumstances.

Additionally, sometimes we'll hear/read one thing, and process something else. In that case, the person didn't lie; rather, we simply misunderstood him/her.

Sure, I've had potential buyers flake out on me in the past too, but I didn't let those experiences sour me on the process. I learned to screen them better. I also learned to continue to market a deal until it closes, or until my buyer is willing to let his/her deposit go hard.


· Alabama


I doubt there was any misunderstanding on my part. The guy is a flake plain and simple, which is why I lost faith in doing deals with out of state investors. It takes a very long while for me to regain a person's trust after they screwed me over like this.

Originally posted by Dory Peters
No offense, but I don't believe that wholesalers or doing deals remotely are the problem. I conduct the bulk of my business remotely, and I periodically work with wholesalers to co-wholesale some of my deals.

The problem is twofold: 1) your end-buyer (who appears to have been a tire-kicker) might have made promises that he/she could or did not keep, and 2) you mentally already cashed the check before you had it in hand.

I live in DC. I've learned through the years that people (especially some politicians--but I won't go there) will lie to you whether you're dealing with them face-to-face, via e-mail, or via phone. Some do it intentionally, and others have extenuating circumstances.

Additionally, sometimes we'll hear/read one thing, and process something else. In that case, the person didn't lie; rather, we simply misunderstood him/her.

Sure, I've had potential buyers flake out on me in the past too, but I didn't let those experiences sour me on the process. I learned to screen them better. I also learned to continue to market a deal until it closes, or until my buyer is willing to let his/her deposit go hard.


Real Estate Investor · 30906, Georgia


If you have an out of town deal you will have to do everything via fax. To find buyers you will have to use online mediums. Or you can higher sign posters to market for you for really cheap. Craigslist is the way to find these sign posters.


Real Estate Investor · Minnesota


Antonio,

In this country of what 350million plus people, if your gonna let 1 person, 1 jack off who messed you around dictate how you do business in total, man your in for a rough ride my friend and you might as well be punching in on a time clock somewhere because I do not think not 1 investor in Bigger Pockets, not any of the big boys, little guys, founders or members can make the claim that there deals have ALWAYS worked out, that they have not been burned on a deal or two, everyone who does deals has. Yeah it is good to evaluate the who what how when and why, but to jump ship as the go to answer, I would say that is living life with a steering wheel on your back bud.

I'm an investor, cash buyer via the power of OPM, doing flips of various kinds, and i tell you what I am having a hell of a time finding sellers, good deals to buy. I have WAY more money to draw on then deals, and it is because 90% of the who-haws that claim to be able to bring deals, bring nothing or over priced junk. But, hell, it is what it is so I just push on, trying to make it better. If I let one of those jack offs dictate my business, well that would mean there is no legitimate sellers either.


· Alabama


James don't get me wrong. I'm upset at what happened, but I'm still not quitting the investing game. I'm just quitting long distance investing for right now. Everyone go about doing this in a different way. My way starting now just happens to be doing business with local investors right here in my own backyard. This is what I should have started off doing from the get go. There are cash buyers and motivated sellers in my city, state, and County somewhere. I don't know where they are, but I know they are out there somewhere. My mission is to find them. And them I mean the real deal investors who actually have the money to buy a deal, not these tire kickers or the ones who need to wait for other investors to come up with the cash to purchase the deal. I just need to find the main buyers, not the middleman.

Originally posted by James Hamling
Antonio,

In this country of what 350million plus people, if your gonna let 1 person, 1 jack off who messed you around dictate how you do business in total, man your in for a rough ride my friend and you might as well be punching in on a time clock somewhere because I do not think not 1 investor in Bigger Pockets, not any of the big boys, little guys, founders or members can make the claim that there deals have ALWAYS worked out, that they have not been burned on a deal or two, everyone who does deals has. Yeah it is good to evaluate the who what how when and why, but to jump ship as the go to answer, I would say that is living life with a steering wheel on your back bud.

I'm an investor, cash buyer via the power of OPM, doing flips of various kinds, and i tell you what I am having a hell of a time finding sellers, good deals to buy. I have WAY more money to draw on then deals, and it is because 90% of the who-haws that claim to be able to bring deals, bring nothing or over priced junk. But, hell, it is what it is so I just push on, trying to make it better. If I let one of those jack offs dictate my business, well that would mean there is no legitimate sellers either.


· Alabama


I'm good to go on the fax machine part. It's finding the right people that will take action to close on the deals that I need to be concerned about. I use online media everyday. How do I find sign posters on Craigslist? What does my ad need to say to attract these sign posters? I never heard of anyone doing that. Not in my area I haven't.

Originally posted by Delondon Dear
If you have an out of town deal you will have to do everything via fax. To find buyers you will have to use online mediums. Or you can higher sign posters to market for you for really cheap. Craigslist is the way to find these sign posters.




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