Looking for wholesalers with a network in place

Looking for wholesalers with a network in place

Real Estate Investor · Cleveland, OH · Member since 2011 · 37 posts · 10 votes

Looking for wholesalers that wholesale homes in the area they live.

Our strategy is to buy, rehab then retail - so the property needs to be in an active retail sales area, not a buy and hold rental area.

We will rely heavily on the Wholesaler's contacts such as contractors, inspectors, title company, Realtors, etc.

Please do not reply if you do not have these contacts well established and know their work/practices.

This PM lender has $55K to invest. Period. So this is a max of $55k for purchase AND repairs. LTV needs to be at 65% or better.

Looking for single family, 3br/2ba only. NO foundation issues please. Light rehab only - no more than 3-4 weeks for repairs.

If you are a wholesaler with the qualifications above, we want to build a lasting relationship with you.

Respond only if you have a property that fits this criteria right now, it is in your area, you have the above resources available and you are ready to close. You must include the location of the property and we will check it out and get back to you.

Please put, "I have property available" in your email subject line, so that we know you read all our criteria.

More PM lenders are coming and we will need you. Most of our PM lenders are not in the US, so where we decide to invest does not matter - the DEAL matters.

We are ultimately looking for 4-5 wholesalers to build a long term relationship with in different areas of the country.

Please contact us via my gmail address in my signature below.

PS. If you do not have these qualifications right now, please save this information and contact us when you do.

We look forward to hearing from you.

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Anson YoungBusiness Member
Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
15y

I have all the qualifications and contacts you mention, but prices here are far over $55k total.

Once I'm more established in phoenix I may get back with you.

See this reply in the discussion

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  • Real Estate Investor · Fishers, IN · Member since 2009 · 408 posts · 196 votes
    15y

    Do you have certain cities you are targeting?

  • Real Estate Investor · Cleveland, OH · Member since 2011 · 37 posts · 10 votes
    15y

    Hi Kevin,

    No we do not. My lender and our company are open to anywhere in the US for investing. Honestly, with OPM, I don't feel Dayton (where I am from) is the best place right now for buy and retail - except for a few areas near the air force base.

    This is why we are looking for established wholesalers that work and know their own area and have contacts already in place.

    We are working with established wholesalers now in the KC, MO area, Jacksonville, FL and Dallas/Ft. Worth.

    The 3 people /companies have proved to us that there is a retail market and have been able to get us good deals and the contacts we need to follow thru.

    We will not pretend to know an area that we are not familiar with, thus we are forming tight relationships with the wholesalers we choose. We will be repeat customers, looking to buy between 5-12 properties a year from each one.

    At this time the few PM lenders we have are all looking to buy, rehab and retail. As word gets round and we bring more on board, other PM lenders may want to buy and hold, but for now we need hot areas that have retail buyers.

    Usually cities that have a big military base near by are good choices, but we know there are many more opportunities.

    If you are wondering why we don't have specific areas - all my lenders thus far do not live in the US. They could care less where the deal is, as long as it gives them a super ROI. Also, I am not a wholesaler at the moment, just takes too much time. We would rather work WITH a wholesaler and become a team rather that go it alone.

    Hope this answers your question more than sufficiently. :-)

    Thank you for your inquiry! Hope we hear back from you!

  • Anson YoungBusiness Member
    Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
    15y

    I have all the qualifications and contacts you mention, but prices here are far over $55k total.

    Once I'm more established in phoenix I may get back with you.

  • Real Estate Investor · Cleveland, OH · Member since 2011 · 37 posts · 10 votes
    15y

    Anson,

    Thank you for your reply. Please send me an email with what the price point in the Denver area is for purchase and rehab in retail areas - so I know for future.

    This lender has a $55k limit, I could get one next week or next month with a $150k limit.

    Thanks again! BTW, love your status statement... coffee is for CLOSERS!!!

  • Anson YoungBusiness Member
    Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
    15y

    email sent to your gmail!

  • Real Estate Investor · Cleveland, OH · Member since 2011 · 37 posts · 10 votes
    15y

    To Anson...I got it buddy! First lender I get with that price point, you will be contacted! Thank you!

  • Real Estate Investor · Cleveland, OH · Member since 2011 · 37 posts · 10 votes
    15y

    Just wanted to thank all of you awesome wholesalers who have sent me emails with qualifying properties!

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