Bulk Wholesaling

6 Replies

Hey Guys
My name is Willny and I'm an investor/ wholesaler here In South Florida. I recently ran across an owner who is looking to sell 12 SF homes in West Park, FL.  All rented out for average rent price in the area, 11 of them have efficiencies and therefore produce more cash flow. 

I wanted to know, When selling these properties as a bulk sale, How would I catch the buyers attention ? 

What would pre-qualify this deal to be a great deal for a bulk buyer ? 

I've never wholesaled a package of turnkey properties and I'd love any info I can get 

Thanks Guys !

@James Wise  

I'm a wholesaler. My intentions are to put these 12 properties under contract and flip them to a cash buyer like a regular wholesale transaction

Originally posted by @Willny Guifarro :

@James Wise 

I'm a wholesaler. My intentions are to put these 12 properties under contract and flip them to a cash buyer like a regular wholesale transaction

 Don't believe everything you hear from the Guru's. What your trying to do is broker real estate without a license. That is a big no no.

Many many long threads here on BP about the topic. You should check them out.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633
Originally posted by @James Wise :

@Willny Guifarro

Are you a real estate agent or broker?

 Lol- still trolling the wholesale threads. You're a seasoned pro letting everyone know your side of the fence on it. We're talking years of it. Yes in Ohio and some other states they have very strict regulations. However there is a proper way to wholesale within those regulations and especially in states that are more friendly. 

I'd save some energy and drop your vendetta against it. I mean most of these people get all excited about wholesaling, create a BP account, try it once, realize it's not the easy money they thought, move on, and have a dead BP acct with no activity in 4 months. 

Originally posted by @Adrien S. :
Originally posted by @James Wise:

@Willny Guifarro

Are you a real estate agent or broker?

 Lol- still trolling the wholesale threads. You're a seasoned pro letting everyone know your side of the fence on it. We're talking years of it. Yes in Ohio and some other states they have very strict regulations. However there is a proper way to wholesale within those regulations and especially in states that are more friendly. 

I'd save some energy and drop your vendetta against it. I mean most of these people get all excited about wholesaling, create a BP account, try it once, realize it's not the easy money they thought, move on, and have a dead BP acct with no activity in 4 months. 

 Florida's real estate practices are very similar to Ohio.

You call it a vendetta or my side of the fence. I do not see it that way. I see the O.P. as someone who wants to make money in the industry and has heard some terrible advice. He is about to unkowningly do something illegal that could have life long consequences.

Say he does this, gets slammed with a cease and desist letter. Then later as you say realizes it's not easy money after all. He then decides he wants to become an agent as that's another way to break into the industry without much capital but is now unable to do so because of his previous dealings.

Those that earn their living in the industry have some knowledge that newbies don't. They can take my advice, or leave it. Up to them.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633