New to Flipping- Looking for Wholesale deals

New to Flipping- Looking for Wholesale deals

Orlando, FL · Member since 2015 · 10 posts · 1 vote

Hello everyone. I've been taking advice from BP for years, but I officially (finally) joined today! I'm 23 years old and I have been investing in buy & hold properties over the past few years. Recently I met some house flippers who introduced me to the means of purchasing homes not listed on the mls and at a large discount, and the concept of wholesaling/wholesalers. After going over the numbers I have become obsessed with the idea. I've completely renovated a couple of houses- so I'm no stranger to rehabbing (not to mention that I love it!). Where is the best place to connect with wholesalers to get on their buyer list? I'm familiar with the few big ones here in town which i found through Google, but I know that the best deals never last long enough to get listed online. I'm looking for deals- but hesitant to act on any of these properties that last longer than 24hrs...If other investors don't want it, I sure don't!

Thanks!

*If your a Wholesaler in the Central Florida area I would love to get on your buyers list! Send me a message.

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Boynton Beach, FL · Member since 2015 · 8 posts · 1 vote
10y

Hey Nick! I just joined BP this wk and live in Boynton Beach and new to investing. I definitely would like to start with wholesale properties & wholesale assignments. I'd recommend keeping an eye on the forums and use wholesaling in your key alerts! Look to see if theres any BP meet ups in your area where you could connect with other investors & wholesalers...im attending one tomorrow in Delray Beach! I'm a total noob to REI and BP so I'm looking to network and educate myself as much as I can! I'd definitely appreciate any feedback/advice/insight etc!

Good luck to ya!

-TB

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  • Rental Property Investor · Plant City, FL · Member since 2015 · 1k+ posts · 379 votes
    10y

    @Nick Rupcich welcome to BP! Networking at REIA meet ups will help you meet wholesalers. GOREIA and CFRI are your two big meet up groups. If you decide to venture over to Polk county let me know. Good luck and hope all works out!

  • Boynton Beach, FL · Member since 2015 · 8 posts · 1 vote
    10y

    Hey Nick! I just joined BP this wk and live in Boynton Beach and new to investing. I definitely would like to start with wholesale properties & wholesale assignments. I'd recommend keeping an eye on the forums and use wholesaling in your key alerts! Look to see if theres any BP meet ups in your area where you could connect with other investors & wholesalers...im attending one tomorrow in Delray Beach! I'm a total noob to REI and BP so I'm looking to network and educate myself as much as I can! I'd definitely appreciate any feedback/advice/insight etc!

    Good luck to ya!

    -TB

  • Wholesaler · Whitinsville, MA · Member since 2012 · 8 posts · 1 vote
    10y

    Welcome to BP

  • Bradenton, FL · Member since 2015 · 17 posts · 1 vote
    10y

    @Nick Rupcichif you're looking for properties in the Sarasota/Bradenton area I can be your go to guy for wholesale deals I'm working on getting some properties under contract as we speak...What exactly are you looking for? SFR? Price range? Sqft? #BR, #BA? Let me know here or send me a personal message. Always open to work with other investors.

  • Orlando, FL · Member since 2015 · 10 posts · 1 vote
    10y

    Thanks @Brian Bracey , much appreciated. At this point, because i don't have a lot of experience- I don't plan on purchasing anything too far away since I don't have the labor contacts. I would however consider purchasing in the Fort Myers/ Cape Coral area - If you ever have any houses under contract down there, let me know. 

    I'd be looking for 3-4bd SF's

  • Bradenton, FL · Member since 2015 · 17 posts · 1 vote
    10y

    @Nick Rupcichokay I'll keep my eyes and ears open 

  • Wholesaler · Stow, OH · Member since 2015 · 28 posts · 13 votes
    10y

    Hello, and Welcome -- to all of you!

    Just like you, Nick, I've been using BP as a resource for so-o-o long, yet just joined a couple of weeks ago.  I'm excited to "meet" each of you via this post, because I am also working the Florida market, and am interested to make connections that are relative.

    After reviewing my bio, please contact me directly if interested to learn more about what I can show you.  I am constantly adding to my "lists" of buyers, properties, etc.  

    Best wishes!!!

    Cheryl Bolognese

  • Wholesaler · Tarpon Springs, FL · Member since 2015 · 9 posts · 1 vote
    10y

    Welcome to BP Nick, glad to have you.  You will love flipping as we do.  We are in Pinellas County and always looking for good deals.  We plan on expanding into Hillsborough and Pasco county in the future.  But we do receive emails sometimes for deals in Orland and if we do, we'll be more than happy to pass them onto you.  Please feel free to send us your email address.  Tim & Rhona

  • Jeff TumbarelloPro Member
    Real Estate Broker · Fort Myers, FL · Member since 2008 · 1k+ posts · 323 votes
    10y
    Originally posted by @Nick Rupcich:

    Hello everyone. I've been taking advice from BP for years, but I officially (finally) joined today! I'm 23 years old and I have been investing in buy & hold properties over the past few years. Recently I met some house flippers who introduced me to the means of purchasing homes not listed on the mls and at a large discount, and the concept of wholesaling/wholesalers. After going over the numbers I have become obsessed with the idea. I've completely renovated a couple of houses- so I'm no stranger to rehabbing (not to mention that I love it!). Where is the best place to connect with wholesalers to get on their buyer list? I'm familiar with the few big ones here in town which i found through Google, but I know that the best deals never last long enough to get listed online. I'm looking for deals- but hesitant to act on any of these properties that last longer than 24hrs...If other investors don't want it, I sure don't!

    Thanks!

    *If your a Wholesaler in the Central Florida area I would love to get on your buyers list! Send me a message.Nick,

    Nick, what is your model? What kind of margins are you hunting?

  • Tampa, FL · Member since 2015 · 8 posts · 2 votes
    10y

    @Nick Rupcich  Hello and welcome!  I am new to BP and I am a wholesaler in Tampa.  If I hear of anything in the Orlando area, I will let you know.  Marketing sometimes brings interesting deals in other areas!  All the best.  Please feel free to email me your best contact information

  • Orlando, FL · Member since 2015 · 10 posts · 1 vote
    10y
    Originally posted by @Jeff Tumbarello:

    Nick, what is your model? What kind of margins are you hunting? 

    @Jeff Tumbarello As this will be my first flip, I'm looking for a margin of 25-30% between total investment and ARV in order to pad myself from any unforeseen expenses that may arise. Is that reasonable?

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