How to get started as a wholesaler and build a investor list

Question

Hello everyone,

My name is Tony and I am from the Virginia Hampton roads area. I am looking into wholesaling home and as well as building a list of investor! I more so would like to find a someone with great knowledge in this field around the area on wholesale and also people on here that are investors thats looking for great deal! My last questions is for Investors, what do you consider as a good deal?

Jeff Filali · Answer

Call other wholesalers in your area and ask them if you can work with them on a few deals to learn.  Some will be open to it.  Some won't.  If you find a potential deal you may even want to Co-Wholesale with a more experienced person and split your cut to make sure you do it correct and learn from it.  Just be careful, there are some people out there who will burn you as a newbie.

As for building investor list, the best way to do that is get good deals.  I work with a lot of wholesalers and the best way to get my attention is have a great deal. If you have a good deal, its easy to find buyers.  The hardest part is getting good deals.

Good luck!!

John Mathewson · Answer

@Tony Nguyen This site is one of the best ways to grow your investor lists. A "good deal" is different for every investor and that is what you will have to learn when you start building your investor list. For me a 30% return on investment is what we look for.

Tony Nguyen · Answer

Account Closed thank you and i will take that time to learn more

Emily Terrell · Answer

Starting here is great.  I also strongly recommend going to your local meet-ups.  That is where you will be able to connect with local investors and find out what they are looking for.   Also, as Account Closed mentioned, I would recommend taking the time to understand the numbers and building contacts.

Account Closed · Answer

Honestly, you want to spend 8-12 months studying the Business before you jump in.

Neil Goradia · Answer

Meetup.com usually has the local REIA (real estate investment association) groups

Emily Terrell · Answer

@Tony Nguyen If you are not finding any here on BP, you can also check out Facebook.  There are most likely groups dedicated to investors in your area.

Tony Nguyen · Answer

@Emily Terrell thank you for the info! I will take the time to learn but where would local meet ups be? @John Mathewson thank you

How to get started as a wholesaler and build a investor list

Most Popular Reply