Where to find buyers for wholesale deals?

Question

I have a couple of properties that I am looking to wholesale, but do not know where to find buyers!

David Ramirez · Answer

1) Look for recently sold flips and reach out to the sellers and ask about their experience with the flip, and whether they are interested in buying more properties.

2) Search for recent cash sales on Propstream or Batchleads, once you've identified a list of properties, you can use skip tracing tools to find the contact information for the buyers and reach out to them directly.

3) Networking events can be a great way to connect with potential cash buyers in your area.

Good luck!

Lydia R. · Answer

There are lots of options for finding buyers for deals. Here are some of my favorites:

1. Facebook groups for investors and wholesalers in your area. Look specifically for groups that allow deal posting because not all of them allow this

2. Facebook marketplace

3. Local REIA meetings and real estate meetup groups

4. Foreclosure auctions. This is one of my favorite strategies. Everyone bidding on properties at the auction should be on your buyers list. You already know they're buying and they have the cash to close.

5. Listings in the area. Any time I have a property under contract I get on Zillow and look at flipped properties that are for sale or recently sold. I call the seller because they were the investor who rehabbed the house or the agent who represented the seller to find out if they want to buy more property in that same area. Same goes for rental properties. The owners of active rental listings are landlords who may be interested in acquiring another rental property in the same area.

6. Propstream--great tool for finding hedgefund buyers and large investment groups.

7. Hard money lenders. Another one of my favorite ways to find buyers! Hard money lenders have a database of investors they've loaned money to for real estate investments. They can push your deal out to their entire list. Why would they do this? Hard money lenders dont make money unless they give loans. Pushing out your deal directly benefits the lender because they make money if an investor decides to buy it.

8. Mid size and large property management companies. Same reasons as a hard money lender. They have a database of clients who own rental properties. If someone wants to buy another one the property management will most likely be the one to manage it. You can always count on someone to do something that directly benefits them.

This is by no means a comprehensive list but it should be enough to get you started. Hope this helps!

Eliott Elias · Answer

Join your local Facebook investor groups. You should not put property under contract that you do not have buyers for.

Jerryll Noorden · Answer

The easiest way honestly, is to get a deal under contract and wave that deal around.

As long as your deals are homerun deals, finding cash buyers is the least of your issues. They constantly email me asking me if I got any deals. ( say.. no.. my deals a MY DEALS leave me alone.. kidding kidding.,. kind of not really).

My point.. don't focus on finding cash buyers. Focus on finding deals you can put under contract that actually are great deals.

Look at these deals.

Do you think I would have an issue finding cash buyers, .. even if I put a $50K assignment fee for me?

Find the deals, and cash buyers is a result

John Slater · Answer

Always a risk, but find the websites, Facebook, even craigslist and post the deal opportunity.  Investors are always scanning networks, it comes down to whether it's a deal or not. and what area are you in?

Yael Lederman · Answer

Use PropStream to find cash buyers that buy properties like the ones you have. Skip trace to find their contact info and then reach out. If you have good deals that fit their buy box, they'll bite.

Where to find buyers for wholesale deals?

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