Updated almost 4 years ago on . Most recent reply
Having difficulty finding buyers! Yes, really!
Hi BP!
I'm an investor in the Bay Area and I need your collective advice. I found a motivated seller, negotiated a purchase price, got a contract, popped the champagne, etc., but am now having difficulty finding actual cash buyers. The people I've talked to have obscene repair estimates (one potential buyer mentioned that he estimated 500k repair costs without even knowing the property address!). I feel like I've gotten 90% of the way there, but that last 10%, which I would have thought would be easy, is now holding up the show. :( Where on earth do you find people who are actually looking to fix and flip? I'm pricing at .75 ARV, which I know is low for the area - I just feel like I'm wading through a lot of non-serious people. :( Where else should I be looking other than Facebook groups?
Thoughts?
Most Popular Reply
Never go shopping for Groceries without money
1. Find out when the local auction is by the Sheriff..Go with copies of deal sheet pass out to Investors
2. Find out hard money and private lenders in the area, ask them to send you buyer referrals
3. Call real estate attorneys they close deals .there clients is great base