Cypress, CA · Member since 2017 · 6 posts · 1 vote
Hey! can any wholesalers in Oregon let me know how the market is doing?? How easy are deals to acquired? What are some things that investors are looking for? Which marketing methods are working best? Which areas are good for wholesale deals? Thank you so much!
Hello @Aundre Short, I am a realtor in Portland, not a wholesaler. I can still answer a couple of your questions.
1. The market is doing great pretty much state wide. There has been a major amount of appreciation in Portland, surrounding cities, as well as around the I5 corridor.
2. Deals are not easily acquired. I would say in general homeowners think they can get top dollar for their homes and the deals that fall into your lap are the ones no one wants. As in most desirable locations you have to work hard to get good deals.
3. There is a wide spectrum of things that investors are looking for. Many coastal cities are in dire need of rentals so people investing there would like homes with good rental potential.
4. From what I hear from wholesalers in the area mailers and highly visible signs in "up and coming" areas are what works best in terms of marketing.
5. Portland Metro, Eugene, Corvallis, Coos Bay, Salem, Albany, Bend, etc.
Hello @Aundre Short, I am a realtor in Portland, not a wholesaler. I can still answer a couple of your questions.
1. The market is doing great pretty much state wide. There has been a major amount of appreciation in Portland, surrounding cities, as well as around the I5 corridor.
2. Deals are not easily acquired. I would say in general homeowners think they can get top dollar for their homes and the deals that fall into your lap are the ones no one wants. As in most desirable locations you have to work hard to get good deals.
3. There is a wide spectrum of things that investors are looking for. Many coastal cities are in dire need of rentals so people investing there would like homes with good rental potential.
4. From what I hear from wholesalers in the area mailers and highly visible signs in "up and coming" areas are what works best in terms of marketing.
5. Portland Metro, Eugene, Corvallis, Coos Bay, Salem, Albany, Bend, etc.
There are very few true "deals" and if you don't have your foot in the door with a current wholesaler good luck. Not to discourage you but I am sure any genuine wholesaler will have a buyers list a mile long and will most likely go to people they have previously done business with or can gain something from them. My advice would be to create your own deal. Target houses you know you want to buy. Honestly, post a craigslist ad, spread word of mouth with everyone you know and call people directly from tax data as you see fit. Those options are free and if you literally put a few hours into it a week you can find something. Be prepared and do your homework. Time wasters and tire kickers are the worst. One big reason a lot of wholesalers go to people that have proven track records of closing.
Wholesaling is tough right now. Anyone looking for deals could also reach out to some local rehabbers. They typically have marketing continually going on. There might be opportunities to pick up a deal from them if they are tied up into a rehab project already.