Wholesale Deal

8 Replies

Hi Everyone !

I just ran across a wholesale deal that a gentleman is going to let me purchase the home for $23000 . I know that the property will sell at around $40-$45K.

My question is once i put the house under contract. How would I market it to investors.

My first idea was to make up a property sheet with pictures and info with my business logo and contact at the bottom. Is that a bad idea to put the business logo on it ? Will investors shy away from me ? Should I just send it with a phone number ?

I don't want to miss any possible deals because they know I am a company.

Please help. 

Thanks

Sean

Sean

Investors are whores, not a single one of us will ever care if you are a company or if you are some crazy guy who thinks he is a fire truck.  What we do care about is the deal.  Spell out the details of the deal in a way that us greedy bastards can see how we make money on this and we will flock to you. 

In your 23k example, I would be walking into a good deal of equity, but I also want to know about monthly cash flow numbers, I want to know about expenses, and repairs needed.  I care about how I profit and pretty much nothing else

To your success

Josh

Thanks so much for your input. I am putting it all together now.

I'm also working on building my investors list. Any good investors for the state of Georgia ?

Sean,

A deal is a deal to investors. The price and potential is what will make them interested in the deal or not. I would be shocked to meet someone who would turn down a profitable deal just because you have a logo and some business cards. 

As far as marketing it out to them it is great to build your own buyers lists for this and all future deals. You can likely find some people who have posted on CL or you can put up a Craigslist ad for the property or just to build your list. Do whatever you can to make it known that you have a great deal right now, and you will be bringing more deals to the table in the near future. Hope this helps!

Thanks

Post it in the marketplace, I think you'll be surprised by the number of local investors already using this site. 

Which membership do I need to be able to do that ? I don't want to violate my account. I'm loving this site and don't want to get booted, lol

Originally posted by @Sean Williams :

Which membership do I need to be able to do that ? I don't want to violate my account. I'm loving this site and don't want to get booted, lol

 Hi Sean, 

If you go to the billing section of your profile you can upgrade your account to Plus or Pro - this will unlock the capability to post in the BP Marketplace. There is a "sticky" forum post on that forum that provides details on how to post in that section.

Good luck in your ventures!

@Josh Caldwell

"Investors are whores, not a single one of us will ever care if you are a company or if you are some crazy guy who thinks he is a fire truck. What we do care about is the deal." 

This is a fantastic line- Can I use it in my signature if I quote you? ^_^

Thanks so much everyone.. I'm loving this site and all of the good information from good investors.

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