How to find wholesalers?

Question

As an aspiring real estate investor (hopefully formerly aspiring very soon), I have seen lots of articles and posts about how to be an effective wholesaler, but I have not seen anything about how a buy and hold investor can find and work with a wholesaler.

So how does an investor find a wholesaler, and then what does the working relationship look like from the perspective of the buy and hold investor?

Additional question, is it better for a new investor to work with a wholesaler, or with a real estate agent? I am currently working with two real estate agents to find a multifamily to house hack, but so far haven't had much luck.

Account Closed · Answer

Hey @Alex Manley Something I always keep in the back of my mind, is whats the incentive for the other parties I'm working with. With an agent (who doesn't specialize in REI), they want to get you into a home ..since they get a commission from the deal. I'm not in anyway saying this is dishonest or predatory. Most of the work agents do is bringing joy to people as they buy a home! But, as an investor especially in hot markets around the country, its hard to find those 2% deals on buy and holds, or valuable props for flippers (as a wholesaler). The deals a typical residential agent may bring you may not do well as an investment. That being said, agents who specialize in REI are a different story, but just wanted to add my 2 cents!

I would suggest reaching out to wholesalers who specialize in your area here on this forum and asking how you can add value.