Where oh where are they getting the leads?? Please help

Question

Hey all.

I am a rehabber and flipper and have a question about some inventory

available.

I get numerous emails each day from wholesalers that pretty much show

the same properties. This is leading me to believe that they are all getting

their new leads from the same place. I am specifically interested in anything

in the southern half of florida and would like any thoughts of the source of

the properties listed in these emails.

Thanks for any thoughts.

Ryan Dossey · Answer

I find it funny when we have a property listed on something like CL and I get wholesalers offering to send my property to their super secretive society that buys them. I normally respond with a polite no thank you I have my own buyer's list. I actually appreciate the guys who upfront tell me that's what they're doing vs. the ones who email me an offer with more holes then Swiss Cheese.

Dick Rosen · Answer

Yep, just like @Nathan Paisley  said, it's only one lead and one wholesaler who has it. Everyone else is promoting the same deal because there's either some out of area people involved like Nathan said or perhaps several newbie wholesalers that don't know how to find their own deals.

Nathan Paisley · Answer

The source is most likely coming from 1 wholesaler who is using a flex option/co-wholesaling their properties. This is very common when someone is wholesaling in a market they don't know, don't have a buyer for or don't live in etc. Finding the source of how they acquired the property is as simple as asking them or a lil bit of googling.

Nathan

Ned Carey · Answer

Not Likely. No one is getting "Fed" deals. The original wholesaler may have a good relationship with some agents but banks rarely deal directly with buyers.  Good wholesalers work very hard to find deals. They are continually marketing, usually through more than one method to find deals.

There are lots of threads here on how to find deals if you want to find your own.

Leon O. · Answer

Same thing in the Houston, TX market.  Plenty of smaller wholesalers pass the same deals around and around with all different prices.  I get them every morning too.  Find the main source, as it was once a deal.

I hope this helped.

Leon

Victor Menasce · Answer

There are several types of capital that create success.

1) Financial capital - Deals tend to chase money. If you have access to capital and become known for that, deals will come to you. I don't go hunting for deals. They come to me. Even if I'm working with funding partners on a project, I'm seen as the source of capital.

2) Relational Capital - Who do you know, and who do you have access to? It's really about access. Those relationships can have a multiplier on the capital you have available. I know so many examples of people who have put deals together because of the relationships they have. I experience this first hand, every day.

3) Reputational Capital - What kind of reputation have you built in the community? If you have a reputation of getting projects completed, people will come to you repeatedly because they know you can deliver.

If you focus on positioning yourself in those three arenas, you'll have more outstanding projects than you can possibly undertake. It really is an all-you-can-eat buffet out there.

Jeff Gordon · Answer

Thats what  I felt but didn't want to prejudice the jury.

ok so if thats the case, where could i try to find that wholesalers

source. i am guessing he has a relationship with one or two banks

and is getting fed these deals.

Where oh where are they getting the leads?? Please help

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