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Thomas Mulroy
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Struggling to find reliable investors to work with

Thomas Mulroy
Posted

I am relatively new into working in the department of selling distressed housing and am struggling to make connections. I have no issue finding houses, but I'd rather have a connection and develop a business relationship with an investor rather than have to struggle on every sale to find different people.

I feel like reaching out to people is something that doesn't work well at random anymore and I have a few people I have built relationships with and enjoy working with them, but they obviously can't buy everything I find especially with the mass volume I find every day (around 60 a month).

Does anyone have any recommendations for connecting with people and building a business relationship list with so that I can not only sell to them, but have it be reliable on both ends?

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Stuart Udis
  • Attorney
  • Philadelphia
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Stuart Udis
  • Attorney
  • Philadelphia
Replied

@Thomas Mulroy I'm going to make a few inferences but your statement of locating 60 investment opportunities a month leads me to believe you're focused on real estate located in low barrier inexpensive neighborhoods. Assuming that's the case you have a real estate problem that's causing your investor problem.

Buying property that falls within that category is not a sustainable investment strategy for most. It's normally the least experienced investors who gravitate towards low barrier inexpensive real estate. Many more established investors begin by purchasing those properties but learn it's not the path to building a sustainable real estate portfolio and exit and never look back. I believe that is the problem you're facing. If you want reliable investors, get involved with real estate that doesn't attract the novices. 

  • Stuart Udis
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