Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 14 years ago on . Most recent reply

User Stats

112
Posts
1
Votes
N/A N/A
1
Votes |
112
Posts

How do you buy properties at wholesales prices ?

N/A N/A
Posted

How do you buy properties at wholesale prices ? Is it mostly from networking ? realtors ? Are you friendly with a banker ?

Most Popular Reply

User Stats

17
Posts
2
Votes
N/A N/A
  • Real Estate Investor
  • Landing, NJ
2
Votes |
17
Posts
N/A N/A
  • Real Estate Investor
  • Landing, NJ
Replied

I myself am a newbie - but having done alot of homework this summer, I have learned this. The only way to enable wholesale buying is to search out Motivated Sellers.
On your first inspection of a property, your most important task, beside inspection, is to determine how motivated the seller is, what he owes on the mortgage/liens, and what his equity is. This is the only way to be able to buy wholesale. It's not about the property, it's about the seller.
My two cents.

Loading replies...