Finding leads / wholesaler contacts

[Jason Phung]

Hey,

I've been working to find a first deal with a partner and we're interested in a fix n flip strategy here in the Boston area. My partner is a successful agent that primarily focuses on finding homes for families, and is also new to the investing aspect of real estate.

I'm hoping to find leads that we can sort through off of the MLS, but not sure where to start. Any advice on how to connect with wholesalers as an investor with no experience? or are there any wholesalers in the Boston (south shore) area that would be willing to chat?

Open to any advice and suggestions about finding leads in this market

Thanks,

Jason

[Emily Valenzuela]

In addition to the ways already mentioned, another great way to find Wholesalers is to look for Bandit Signs in your areas. They are not always legal but that doesn't usually stop wholesalers from using them. They are those cardboard signs on the side of the road that say they buy homes in any condition. You may also see similar signs mentioning a home for sale. Often, there is no home for sale. Wholesalers just use these signs to fish for investors looking for off-market deals. 

All that being said, a better option might be to utilize the resources of your real estate partner. With the tools at their fingertips, you can create marketing lists of: out-of-state homeowners, high equity home owners, and homes in pre-foreclosure. Then market to them directly via cold calling, mail marketing, or door knocking (depending on your strengths and marketing budget). You and your partner will have two solutions to offer each prospect - either your partner lists their home on the market for top dollar, or you offer to purchase their home with terms that work for the home owner and save them the hassle.