Investor · Philadelphia, PA · Member since 2013 · 348 posts · 111 votes
It is a pain to sift through many many listings and emails. Craigslist is just not made for it. Either I am doing something wrong, or there is some serious room for a new listing service / website.
My other question is, wholesellers out there, if such service existed, would you post your deals there?
Because if it is a real deal, it should be sold in less time than it takes to enter it into a website. The site you're talking about should be named www.notreallyawholesaledeal.com
I don't think a national one exists because we real estate investors aren't really that organized when it comes to cooperating with each other in this manner. Think about it. Realtors are that organized on a local level and thus have several local MLS's to use to their advantage. I think if perhaps the local REIA's had the human and financial resources perhaps they would start putting something like this together. I do think REIA's are the best chance of this happening on an organized level.
I agree with many points you guys make. I think to make something like this work, the value added to the wholesalers would have to be more than just put their listings online.
I have been to my REIA, and what I found is that the wholesalers are always looking for buyers.
@Ibrahim Hughes good point on the cooperation and organization. Maybe a better approach is would be to have each market locally organized. REIA's are not the best technology wise, and it is too much to expect them to do this.
@Rafael Norat I attend my meetings, but they don't happen often enough, and sometimes I can't go. The wholesalers I've met are working areas I am not interested or don't want to deal with a beginner like me.
@Darrin Carey Maybe pay to advertise is the work model there. As a listing site, you want to aggregate as many listings as possible. I am a software developer, and I'd be willing to swing this as a side project.
@Wayne Brooks Why do you think better deals don't hit these listings?
Is it safe to assume that every wholesales list their properties or send email listings to their buyers on a regular basis? What tools do they use and how good are they?
Because if it is a real deal, it should be sold in less time than it takes to enter it into a website. The site you're talking about should be named www.notreallyawholesaledeal.com