Updated almost 7 years ago on . Most recent reply
What are buyer's looking for from Wholesalers other than "Deals"?
I realize this question will bring a lot of different answers, but that's okay, in fact, that's what I want it to do. I pride myself on attempting to find quality deals not just something that will line my pockets. I feel as though deals that require less work from either one of us are the types of deals that we both would like to see from everyone of us. I'm excited to be a new face in wholesaling and plan to do my best to get the numbers right so I can always be one of the better property suppliers out here.
Feel free to reach out to me if you want to connect, or simply drop a response regarding the question above in the subject line.
My name is Jason and I'm here to stay.
Most Popular Reply
To be a good wholesaler, you got to:
1. Provide an OFF-Market deal (not listed on the MLS)
2. The deal has to be really sweet - example:
ARV - $200K, Repairs - $30K, your wholesale price - $110K (this means you have to get the property below $110K)
3. Be responsive to your buyers' questions and concerns
4. KNOW what you're doing - lock up the deal with a legal contract approved in your state and reviewed by an attorney; or better yet, be a licensed real estate agent
5. Have a good title company - or better yet, use title companies that rehabbers (your buyers) use in your area. There are a few title companies who are investor and wholesaler-friendly so you got to do some work upfront
6. Connect with lots of people/resources so you can ADD extra VALUE by referring title companies, contractors, Property managers, lenders, etc to your buyers, specially newbie rehabbers or landlords. By being a connector, you add more value, deepen the relationship and before long, as long as you provide great deals, you will never run out buyers!