Another confused new guy

8 Replies

Hey guys, my name is Will. I have just recently moved to Mississippi and I'd really like to get into wholesaling, but I'm stuck. I have been reading up on ideas of how to find buyers and sellers and the former is proving to be a little more difficult. I have seen the newspaper ad suggestions, calling numbers on "For Rent" homes, the ghost property advertisement with bandit signs or craigslist posts, and the REIA meeting visits. Two of these are problems. I feel like the ghost properties idea is unethical and there are no REIA meetings in my area (Columbus in case anyone knows something I may have missed). What other suggestions or ideas do you use to find buyers?

Thanks in advance

-Will

same issue I had and I was told to start my own REIA but I'm a new kid on the block so that would take contacts. However it can be done.

Originally posted by @Everett Marshall :

same issue I had and I was told to start my own REIA but I'm a new kid on the block so that would take contacts. However it can be done.

 So I take it you did? How did you go about that? 

Hi Will, 

Welcome to BP and to Mississippi. Here is an idea I heard once that might help. I haven't tried it myself since I'm working on buy and hold and not wholesaling, but it may be an option to try.

Ask a realtor to get a listing from the MLS for you of all the cash purchases made in your market in the last year or so. Be sure to to offer to pay for their time, it shouldn't take them very long. Then go through the list and look for people or companies that show up multiple times. Contact as many of them as you can, some of them are potential buyers.

Jesse Doyle

Originally posted by @Jesse Doyle :

Hi Will, 

Welcome to BP and to Mississippi. Here is an idea I heard once that might help. I haven't tried it myself since I'm working on buy and hold and not wholesaling, but it may be an option to try.

Ask a realtor to get a listing from the MLS for you of all the cash purchases made in your market in the last year or so. Be sure to to offer to pay for their time, it shouldn't take them very long. Then go through the list and look for people or companies that show up multiple times. Contact as many of them as you can, some of them are potential buyers.

Jesse Doyle

 Thanks a lot, Jesse. I will look into that for sure. Would that not be a conflict of interest for them, though? Is that not more or less giving away possible customers for themselves?

Originally posted by @Will Jackson :
Originally posted by @Jesse Doyle:

Hi Will, 

Welcome to BP and to Mississippi. Here is an idea I heard once that might help. I haven't tried it myself since I'm working on buy and hold and not wholesaling, but it may be an option to try.

Ask a realtor to get a listing from the MLS for you of all the cash purchases made in your market in the last year or so. Be sure to to offer to pay for their time, it shouldn't take them very long. Then go through the list and look for people or companies that show up multiple times. Contact as many of them as you can, some of them are potential buyers.

Jesse Doyle

 Thanks a lot, Jesse. I will look into that for sure. Would that not be a conflict of interest for them, though? Is that not more or less giving away possible customers for themselves?

I don'think it would be a be conflict. The cash buyers you're looking for probably aren't really buying stuff the traditional MLS-realtor way anyway. The worst that might happen is a realtor would tell you no. If so just keep asking another one until you get a yes. I'm sure somebody is willing to do it.

I don'think it would be a be conflict. The cash buyers you're looking for probably aren't really buying stuff the traditional MLS-realtor way anyway. The worst that might happen is a realtor would tell you no. If so just keep asking another one until you get a yes. I'm sure somebody is willing to do it.

 Ah, good point. I do appreciate it, Jesse. I'll try to find someone that would be willing to do it for me. Thanks again. 

Hi Will, What part of MS are you in? More importantly, what part of MS are you interested in wholesaling in? I'm in Gulfport and have a few buy and holds and a couple small multi families. I would be interested in a turnkey with good financials if your interested in going that far. Do you have rehab experience? DiBerville works for me as far as SFR goes. What do you have in mind?

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