How do I find wholesalers to work with in New Jersey?

Question

There's a lot of information on how to find cash buyers as a wholesaler, but what about how to find wholesalers in markets that I'm looking at investing in?

For context, I'm from Middlesex county but for SFH flips in Mercer, Camden, and Burlington County around the Philly and Trenton area. I will join SJREIA and other irl networking groups to meet wholesalers but in terms of meeting them online, how should I go about that?

Jonathan Greene · Answer

New Jersey has some of the worst wholesalers by a long mile. Never close on their ARV and grossly out of touch with reality on their repair estimates. Right now, the buy-in is so high in NJ, they are locking up deals at prices that aren't sustainable and chasing spreads that are way too big. I have a list of them, but they all suck.

Mike Teri · Answer

Hi Keith, not sure if multifamily is in your wheelhouse, but we wholesale properties in Northern and Central NJ that don't fall into our buy box. A word of advice -- do not even bother with FB groups. The skilled wholesalers in NJ have their buyers list and won't go through the hassle of putting a property under contract that doesn't meet the criteria of the buyers on that list. Most wholesalers swimming around FB have never bought a property, never gone through a gut renovation, and have no idea how to pencil out a project. Find 2 or 3 strong wholesalers that are operating in your target areas by talking to people who are already investing in those areas (chances are they have used a wholesaler in the past, or are farming their own deals and may toss you whatever doesn't meet their needs), give them your buy box, and make sure you have your funding lined up to act quickly on a deal. Then follow up regularly.

Unfortunately we can't help you with deals in South Jersey. Be careful with Camden and Mercer counties, these are commonly found on lists of most at-risk markets in NJ relative to price corrections.

Good luck!

Unfortunately we can't help you with deals in South Jersey. Be careful with Camden and Mercer counties, these are commonly found on lists of most at-risk markets in NJ relative to price corrections.

Good luck!

Jerryll Noorden · Answer

Are you kidding?!

Do a google search for

"we buy houses [city] [state]"

Sell my house

who buys houses

cash for my house

legitimate cash buyers, all with city state.

99.9999999% of all websites out there are wholesalers.

Then go to facebook and do a group search for "investors, cash buyers, wholesaler" then your city state.

Joseph Guzzardi Jr · Answer

@Keith Furtado Go to local Meetup groups. Meet with other investors and buyers. They will show you who the legit wholesalers are. You will need to know the respective market you are interested in inside and out so you don't buy a bad deal.

David Ramirez · Answer

Facebook groups

How do I find wholesalers to work with in New Jersey?

How do I find wholesalers to work with in New Jersey?

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