How to find legit wholesellers? (FL)

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How to find legit wholesellers? (FL)

Christian Weber
Member since 2021 · 66 posts · 15 votes

Exactly as it says on the tin, how to find legit wholesellers? The few websites I have found have a bunch of MLS properties on them that are undercontract and have jacked up prices or asking market rent ready prices for dilapidated homes.

Any suggestions on where to look for more legit sources? 

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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
5y

Legit and wholesaler are rarely used together correctly. The best way to judge perceived legitimacy of a wholesaler is by their deal flow via their email list. Are the numbers decent? Do they have a system? Does someone respond to you? Is their funnel full? Websites aren't where it's at, it's email lists for wholesalers because wholesale deals can not be publicly advertised since they are not owned by the wholesaler, they have to be delivered via private email with a disclaimer.

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  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    5y

    Legit and wholesaler are rarely used together correctly. The best way to judge perceived legitimacy of a wholesaler is by their deal flow via their email list. Are the numbers decent? Do they have a system? Does someone respond to you? Is their funnel full? Websites aren't where it's at, it's email lists for wholesalers because wholesale deals can not be publicly advertised since they are not owned by the wholesaler, they have to be delivered via private email with a disclaimer.

    [email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
    Zen and the Art of Real Estate Investing59 Reviews
    WebsiteView Page
    1Reply
  • Christian Weber
    OP
    Member since 2021 · 66 posts · 15 votes
    5y
    Originally posted by @Jonathan Greene:

    Legit and wholesaler are rarely used together correctly. The best way to judge perceived legitimacy of a wholesaler is by their deal flow via their email list. Are the numbers decent? Do they have a system? Does someone respond to you? Is their funnel full? Websites aren't where it's at, it's email lists for wholesalers because wholesale deals can not be publicly advertised since they are not owned by the wholesaler, they have to be delivered via private email with a disclaimer.

    OK, so helpful, Any idea on how to get on these email lists?

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  • Nick C.
    Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    5y

    By "legit" I'm assuming you mean established. This means the wholesaler has been around for a long time, and has a big buyers list full of buyers willing to overpay, and can push their spreads (price the house higher). You can buy a house from one, but probably not a deal. Your best bet to buy a deal is from one who isn't as established, doesn't have the best grasp on house values yet, and doesn't have a massive buyers list. Granted 99 times out of 100 the house will be overpriced, but you're looking for the one that they underprice. 

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  • Yoann Dorat
    Investor · Boca Raton FL · Member since 2017 · 255 posts · 188 votes
    5y

    @Christian Weber, type "we buy houses" on google, join their buyer list and try to find the needle in the haystack. 

    Best of luck

    2Reply
  • Christian Weber
    OP
    Member since 2021 · 66 posts · 15 votes
    5y
    Originally posted by @Nick C.:

    By "legit" I'm assuming you mean established. This means the wholesaler has been around for a long time, and has a big buyers list full of buyers willing to overpay, and can push their spreads (price the house higher). You can buy a house from one, but probably not a deal. Your best bet to buy a deal is from one who isn't as established, doesn't have the best grasp on house values yet, and doesn't have a massive buyers list. Granted 99 times out of 100 the house will be overpriced, but you're looking for the one that they underprice. 

    Any idea on how to find that? lol 

    0Reply
  • Christian Weber
    OP
    Member since 2021 · 66 posts · 15 votes
    5y
    Originally posted by @Yoann Dorat:

    @Christian Weber, type "we buy houses" on google, join their buyer list and try to find the needle in the haystack. 

    Best of luck

    Nice - appreciated- Im just 40min north of you as well. sunny south florida :)

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  • John Thedford
    Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    5y

    @Jonathan Greene a licensee MAY advertise wholesale deals in Florida. An unlicensed person may not. Of course, their broker MUST agree to the tactic and all fees must pass through the broker. 

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