How To Source Buyer For Wholesale Deal In Different State

Question

Hi BP Fam!

I focus mostly in Miami FL. I recently got a property under contract in GA.

Being that It's my first deal in the area, I don't currently have a buyers list there. I've been searching the area around the property to find the contacts of Fix & Flippers who are currently in a deal or have recently done one while also speaking with the agents who represented them in the deal for further potential leads.

Do you have any other recommendations as to how I should go about sourcing a strong buyers list relatively quick?

I look forward to your responses!

Thank you in advance,

Bruno

Branden Rivero · Answer

check out recent cash closings on the property appraisal site and try to contact the person or LLC who purchased it, can also contact the agent if there was one involved. Also, listing it in the marketplace here or if you have or know someone with investor lift access would help as well. Reach out to other wholesalers in that market and offer to JV

Cornelius Garland · Answer

I have a few suggestions. If you’ve got PropStream, you could plug in the subject property into the search bar and search for recently sold homes on the map. It’ll tell you if the house was “Financed” or a “Cash” purchase by clicking on any of them. It also has pictures that aren’t always available on Zillow or Redfin, so you can confirm if it’s an actual distress sell. I use PropStream as a research tool and having this information collated in one area makes this possible. The only other option beforehand was getting MLS access or cross referencing property records.Another option is utilizing Facebook groups. The groups are stronger in some cities than others, but I’ve found that most wholesaling markets have a group that allows you to post deals. I’d just post the city and pictures as the shady actors may try to contact the seller behind your back. Quality pictures are usually enough to attract credible buyers.

Another option would be to go on Zillow and contact Realtors who both specialize in preforeclosures and are buyers agents. There may not be too many around right now, but the ones that do both tend to have a large cash buyers list since those houses can only be night with for cash.

Wishing you success. 🫡