Real Estate Wholesaling Questions & Answers

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Finding an investor

Posted Aug 11 2022, 13:50

I've been making a small list of homes while out driving around for my job. I've done this with the sole purpose of just finding a good deal for me. I'm still not sure if I would purchase it and may be open to handing it off to someone else. If I find a deal, how would I go about finding an investor to take it over? I'm in the Clemson area. 

Much thanks

Columbia, South Carolina

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Cole Oraham
  • Real Estate Agent
  • Clemson, SC
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Cole Oraham
  • Real Estate Agent
  • Clemson, SC
Replied Aug 11 2022, 14:34

@Wesley Deason I am in the Clemson market. My partners and I are always looking for new deals. Send me a message!

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Joe Ortiz
  • Investor
  • Columbia, SC
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Joe Ortiz
  • Investor
  • Columbia, SC
Replied Aug 20 2022, 10:47

I recommend you do the following:

1. Find the house (which you have done)

2. Contact the owners and negotiate the price. (Always negotiate like you were planning to buy it. Fight for the lowest price possible. And remember that an initial rejection does not mean you cant continue the conversation)

3. After negotiating a price ensure you put the house under contract.

4. Find a buyer. Use sites like Facebook, TikTok and Craigslist. 

5. Don't try and sell the property for retail. Make money but don't get greedy. 

Thanks,

Joe O. 

www.palmettolandbuyers.com
 

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Jerryll Noorden#1 Real Estate Wholesaling Questions & Answers Contributor
  • Flipper/Rehabber
  • Wilton, CT
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Jerryll Noorden#1 Real Estate Wholesaling Questions & Answers Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied Aug 21 2022, 08:31

Rull of thumb with finding buyers is simply this.

No buyer will pass up a good deal where the numbers simply work. Not going to happen. So in order to find a buyer, you need to find a motivated seller (sign the contract under market value and wave that sucker around).

The gentleman above me mentioned a few sources to wave that contract in front of.. I'll add one more...  get a pro account here on BP and put the contract in the market place. That should help too!

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Replied Aug 21 2022, 11:09

Please send me a message. I'm interested to work with you.

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Bob Stevens
  • Property Manager
  • Cleveland
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Bob Stevens
  • Property Manager
  • Cleveland
Replied Aug 21 2022, 11:13
Quote from @Wesley Deason:

I've been making a small list of homes while out driving around for my job. I've done this with the sole purpose of just finding a good deal for me. I'm still not sure if I would purchase it and may be open to handing it off to someone else. If I find a deal, how would I go about finding an investor to take it over? I'm in the Clemson area. 

Much thanks


 Finding a buyer is the easy part, just get a deal, the money will find you. Simply  post it in your local market, if good it will be gone in a day, 

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Eliott Elias
  • Realtor
  • Austin, TX
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Eliott Elias
  • Realtor
  • Austin, TX
Replied Aug 21 2022, 11:15

There's a lot more work to do on your end

- Call that list of owners 

- Negotiate price 

- Lock up the deal and put it under contract

- Then find the investor