Investor · Manhattan Beach CA; Columbus, OH · Member since 2014 · 37 posts · 13 votes
Can anyone comment on the success of Investorlift.com for getting wholesale deals sold? Is the service worth it to a wholesaler who may do 1 or 2 deals a month, or only if you are doing 5-10 deals or more a month? Can anyone clarify or share their experience after signing up and giving it a test drive? Are there hedgefunds or big buyers on this recipient list? Is it good if you are wholesaling in multiple states, or just a few major markets like NY and LA? Thanks for your help!
Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
3y
Even Robert W, the founder of InvestorLift, has said that if someone is doing 1 or 2 deals a month, it's probably not worth it, but once you are doing a handful, then it can be helpful. One thing I like about it is that it has a buyer list that you can pull for cities that includes not just cash buyes, but those who bought with debt. Propstream only has cash buyers. But a lot of deals that I've successfully closed/wholesaled, have been with buyers who are using debt, however they are using hard money or local lenders/banks who understand fixers and don't make the process too complicated. The interface and the way you use IL takes a lot of work to get to know. It's kind of like buying a new tech gizmo, like a fancy camera or AppleWatch, where you have to take the time to figure out how to use it. But if you have a simple question here and there, you can post on the IL private FB page and members will often help. As far as the level of buyers it has, I haven't been able to source a buyer via the blast system yet, because I mostly work more "B" markets, and IL seems to be better for sourcing buyers in "A" markets, except, again if you're doing the manual work of pulling the buyer list that I described earlier, and reaching out to those people. It's hard to answer in one post, but those are my basic thoughts.