I've been struggling to find wholesalers who aren't with the large wholesale firms for buy and flip deals. I've been to a few of the local REI meetings but have come up short. I'm now researching methods to uncover my own deals (direct marketing etc.), but I'm curious to know what methods have been most effective for experienced rehabbers in the area.
So do you:
Find you own deals (DM, title company contacts, probate, drive for dollars)?
Or some other method?
@KJ D'Costa I use a couple of the wholesalers, namely the one you met the other night. I'd be glad to share contact info if you like. I've tried direct mail and got a lot of responses, but no one really motivated. That's not to say it wouldn't work, but not in the time I have available to dedicate to it. I'm sure there are others with much greater experience who will chime in, though. Good luck, and please let me know if I can help out with anything.
@Chad Clanton just PMed you.
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This is exactly the problem. It takes a quite a bit of time and/or money to get the good deals. Also a bunch of networking. If you are buying from wholesalers, you are losing some money, but do not have to put out as much effort.
Real estate meetups and investor groups
handing out lots of business cards/telling people what you do
helping others brings karma in your direction
stopping at a rehab in progress and asking questions
driving for $$
It is doing some or all of the above that will get you 2 or 3 or maybe even 10 deals a month, depending how hard you do them.
This is NOT something that people can just decide to do and make 30k or 50k a year right off the bat. Lots of hard work and dedication is needed.
@Rick Pozo @kj D'Costa Hey if you are looking for non assignable wholesale deals pm me. I have plenty of them for modest fee.
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