Hi everyone, I'm getting started in wholesaling, want to build my cash buyer list but don't know how to start. I want to be able to have cash buyers ready and also know what they are looking for. Need help finding Cash Buyers and s good real estate attorney to draw up my contracts. I'M IN THE LEHIGH VALLEY PENNSYLVANIA. OPEN TO HELP AND INFORMATION. Thank you
Denver, CO · Member since 2020 · 69 posts · 89 votes
4y
Hi @Harris Ramirez — There are a few creative ways to find buyers for your deals. I would focus on finding a small handful (3-5) who you can pick up the phone and talk to anytime. A misconception is that you need a 1000+ buyers list, just a few tight connections who will help analyze your deals is all you need. A few ideas
- As mentioned above, networking on Facebook can be great. One caveat is that many of the ‘buyers’ are actually wholesalers looking to daisy chain your deal
- Run through Zillow or Redfin and look for properties that have sold recently that look like flips! Get in touch with the agent or find the sellers contact info directly
- Check the BP forums for people in your area doing rehab work and reach out
Having a deal to discuss is always a plus, I would certainly focus the lion share of your energy on finding that first deal. I made a short video on how I did my first, I’d be happy to share if you ping me.
Hi Harris! I am in the same situation. New and ready to get my first deal under my belt. The few buyers I have were obtained by joining wholesale groups on Facebook and getting emails from other wholesalers posted deals. My problem is they don't want to buy in my town so the search continues...
Denver, CO · Member since 2020 · 69 posts · 89 votes
4y
Hi @Harris Ramirez — There are a few creative ways to find buyers for your deals. I would focus on finding a small handful (3-5) who you can pick up the phone and talk to anytime. A misconception is that you need a 1000+ buyers list, just a few tight connections who will help analyze your deals is all you need. A few ideas
- As mentioned above, networking on Facebook can be great. One caveat is that many of the ‘buyers’ are actually wholesalers looking to daisy chain your deal
- Run through Zillow or Redfin and look for properties that have sold recently that look like flips! Get in touch with the agent or find the sellers contact info directly
- Check the BP forums for people in your area doing rehab work and reach out
Having a deal to discuss is always a plus, I would certainly focus the lion share of your energy on finding that first deal. I made a short video on how I did my first, I’d be happy to share if you ping me.
Flipper/Rehabber · New York, NY · Member since 2019 · 340 posts · 122 votes
4y
I think buyers aren't the hard part. The hard part is being in front of motivated sellers EFFICIENTLY (cold calling and driving by houses isn't really effective when you take account time vs. reward) - Pennsylvania has certain upcoming markets - I've done a few flips there.
Stephanie - what part of PA? I heard you mention "no one wants to deal in my town" so I was curious.
I think buyers aren't the hard part. The hard part is being in front of motivated sellers EFFICIENTLY (cold calling and driving by houses isn't really effective when you take account time vs. reward) - Pennsylvania has certain upcoming markets - I've done a few flips there.
Stephanie - what part of PA? I heard you mention "no one wants to deal in my town" so I was curious.
@Ray Danishyar I'm in South AL, near the FL state line.
Hi everyone, I'm getting started in wholesaling, want to build my cash buyer list but don't know how to start. I want to be able to have cash buyers ready and also know what they are looking for. Need help finding Cash Buyers and s good real estate attorney to draw up my contracts. I'M IN THE LEHIGH VALLEY PENNSYLVANIA. OPEN TO HELP AND INFORMATION. Thank you
What you really want to do is get licensed and market for listings. What everyone is teaching as "wholesaling" these days is just brokering real estate.....illegally. You need a license to connect buyers and sellers together for a "fee."
Hi everyone, I'm getting started in wholesaling, want to build my cash buyer list but don't know how to start. I want to be able to have cash buyers ready and also know what they are looking for. Need help finding Cash Buyers and s good real estate attorney to draw up my contracts. I'M IN THE LEHIGH VALLEY PENNSYLVANIA. OPEN TO HELP AND INFORMATION. Thank you
What you really want to do is get licensed and market for listings. What everyone is teaching as "wholesaling" these days is just brokering real estate.....illegally. You need a license to connect buyers and sellers together for a "fee."
Agency is to act as a facilitator for a third party. Wholesaling is simply finding a property and putting it under contract. You have the rights to market that contract and assign it to the buyer as written in the initial PA. You are not acting as a 3rd party or representing anyone in the transaction. It is just like a FSBO. If you want to outlaw wholesaling the main thing that will come out of it is transactional funded double closings!
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
4y
Start by building your cash buyer list. A good deal is nothing without the investor, and make sure you build relationships with them. Quality over quantity. One investor who buys most your deals is better than having 20 people on your list who are spectators
Start by building your cash buyer list. A good deal is nothing without the investor, and make sure you build relationships with them. Quality over quantity. One investor who buys most your deals is better than having 20 people on your list who are spectators
I disagree. Start with finding and putting sellers under contract. Buyers are usually easy to find. Just look up LLC's that own property in the area. There are also nationwide companies that will buy cashflowing rental properties, you can just call them and sell them houses. Finding good deals is the hard part but once you do, it's (at least for now) extremely easy to sell them.
Start by building your cash buyer list. A good deal is nothing without the investor, and make sure you build relationships with them. Quality over quantity. One investor who buys most your deals is better than having 20 people on your list who are spectators
I disagree. Start with finding and putting sellers under contract. Buyers are usually easy to find. Just look up LLC's that own property in the area. There are also nationwide companies that will buy cashflowing rental properties, you can just call them and sell them houses. Finding good deals is the hard part but once you do, it's (at least for now) extremely easy to sell them.
Start by building your cash buyer list. A good deal is nothing without the investor, and make sure you build relationships with them. Quality over quantity. One investor who buys most your deals is better than having 20 people on your list who are spectators
I disagree. Start with finding and putting sellers under contract. Buyers are usually easy to find. Just look up LLC's that own property in the area. There are also nationwide companies that will buy cashflowing rental properties, you can just call them and sell them houses. Finding good deals is the hard part but once you do, it's (at least for now) extremely easy to sell them.
I agree! In this market it's so much harder to find a good deal than to find a buyer. Connecting to investors through local REI meet ups is a great way to find motivated buyers as well. We really expanded our network through that and met so many of people that would jump at an opportunity if the numbers make sense.
Start by building your cash buyer list. A good deal is nothing without the investor, and make sure you build relationships with them. Quality over quantity. One investor who buys most your deals is better than having 20 people on your list who are spectators
I disagree. Start with finding and putting sellers under contract. Buyers are usually easy to find. Just look up LLC's that own property in the area. There are also nationwide companies that will buy cashflowing rental properties, you can just call them and sell them houses. Finding good deals is the hard part but once you do, it's (at least for now) extremely easy to sell them.
I agree! In this market it's so much harder to find a good deal than to find a buyer. Connecting to investors through local REI meet ups is a great way to find motivated buyers as well. We really expanded our network through that and met so many of people that would jump at an opportunity if the numbers make sense.
I agree with both of the above! I worked for some wholesalers about 3 years ago and if we had a deal, finding buyers wasn't hard. Post on CL, FB (marketplace, and in different groups for investors). You could also post on BP :)
Hi everyone, I'm getting started in wholesaling, want to build my cash buyer list but don't know how to start. I want to be able to have cash buyers ready and also know what they are looking for. Need help finding Cash Buyers and s good real estate attorney to draw up my contracts. I'M IN THE LEHIGH VALLEY PENNSYLVANIA. OPEN TO HELP AND INFORMATION. Thank you
Buy 18x24 Yellow Bandit Signs write the message - Investor Fix & Flip -3/2 bath- 50K Cash Only (Your number ) put them in the mean streets of PA when people call tell them that property has sold recently . introduce yourself gather their buying criteria areas property type etc and email phone or try connectedinvestors.com save yourself alot of time
Hi everyone, I'm getting started in wholesaling, want to build my cash buyer list but don't know how to start. I want to be able to have cash buyers ready and also know what they are looking for. Need help finding Cash Buyers and s good real estate attorney to draw up my contracts. I'M IN THE LEHIGH VALLEY PENNSYLVANIA. OPEN TO HELP AND INFORMATION. Thank you
Buy 18x24 Yellow Bandit Signs write the message - Investor Fix & Flip -3/2 bath- 50K Cash Only (Your number ) put them in the mean streets of PA when people call tell them that property has sold recently . introduce yourself gather their buying criteria areas property type etc and email phone or try connectedinvestors.com save yourself alot of time
Probably one of the most original ideas to introduce yourself to buyers - nice!
Flipper/Rehabber · Rochester, NY · Member since 2014 · 1k+ posts · 1k+ votes
4y
There’s a million of these threads. They’re all the same. Some saying find a deal first. They buyers will be there. Others saying get your buyers list first as you don’t want to put houses under contract without knowing you have a buyer. James Wise saying you need to be a realtor. Others correcting him. The wheel keeps turning.
Hi Harris! I am in the same situation. New and ready to get my first deal under my belt. The few buyers I have were obtained by joining wholesale groups on Facebook and getting emails from other wholesalers posted deals. My problem is they don't want to buy in my town so the search continues...
where is your market. I am new to REI and looking to connect with other entrepreneurs. My market is Pittsburgh and Morgantown WV. Looking for my next property