Greensburg, PA · Member since 2017 · 35 posts · 2 votes
Hi All,
I got my first wholesale contract yesterday ! Wow - I am excited
Now I need to find a real estate buyer !
It's a duplex with a DMV of 73k (one side owner started to remodel and it's down to the studs, the other side he is living in but needs a lot of work) Trying to find buyer for 18k in SW Pa
Please give me some tips on how to find a buyer - Thanks
Congrats on getting it under contract! Start here (on BP) and Craigslist! And by start here I don't mean post it in the forums (because it may be seen as an advertisement and against the rules), but you can post in the forums you're looking for investors in your area or in the Marketplace. On Craigslist, post that you have a contract to assign and a few details, not that own the property or anything. Being honest is best. If you know any other investors or wholesalers, start calling them and asking them if they know anyone. Best of luck to you!
Congrats on getting it under contract! Start here (on BP) and Craigslist! And by start here I don't mean post it in the forums (because it may be seen as an advertisement and against the rules), but you can post in the forums you're looking for investors in your area or in the Marketplace. On Craigslist, post that you have a contract to assign and a few details, not that own the property or anything. Being honest is best. If you know any other investors or wholesalers, start calling them and asking them if they know anyone. Best of luck to you!
@Debra N. Congrats. You can post your deals on BP but only in the Market Place as David eluded to. To add to what he said, I would take this deal to your local meetups as well. Those are great places to find buyers and network with fellow investors. I would also provide some further details such as: What your sale price is, the reno estimates, the ARV and the potential profits. Go the extra mile and provide the comps you used to arrive at that ARV and put together a sales packet for people to take and look over. Pictures and perhaps even reno ideas or trends in the neighborhood will help paint the picture for the potential buyer.
You can drive the area surrounding said property and look for rehab projects that are in progress, or finished projects that are currently listed for sale. There's a near 100% chance that they're builders looking for their next project. If it's under construction and you see workers there, ask if the owner/contractor is on-site or get their contact info. If it's simply a contractor or sub working for an investor, they'll love the opportunity to connect you as it could lead to another project for them.
Also try networking at your local foreclosure auctions (assuming that your county hosts in-person ones.) See who is bidding on properties and connect with them. It may be especially good if they're making bids around the price point you're looking to sell, and didn't actually win anything that day because it means they have unused certified checks :)
You can also look at county records (mine can be done online, maybe yours also) and look for deeds on properties that are being sold over to an LLC. Theres a pretty good chance that the LLC listed is an investor, and you can pull information from that paperwork.