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Updated almost 6 years ago on . Most recent reply

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Terrez Jarrett
  • Louisville, Ky
3
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27
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Any advice for wholesaling RE in Louisville Ky area

Terrez Jarrett
  • Louisville, Ky
Posted

This wholesaling thing has been kinda frustrating to me. I think it’s because I don’t really have anybody that will work with me.

I have attempted to work with 3 different RE agents and they seem to shun wholesaling and are sluggish with giving comps. 3 different deals have also fallen through because they wanted proof of funds immediately.

I didn’t have the exact amount to present to them nor a buyer to flip it to. I’m taking action but is it the wrong action or not enough? I don’t have much money either.

Most Popular Reply

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66
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39
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Tyler Bodi
  • Rental Property Investor
  • Louisville, KY
39
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66
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Tyler Bodi
  • Rental Property Investor
  • Louisville, KY
Replied

@Terrez Jarrett great job getting out there and looking for deals! It sounds like you have a few concerns so here are some comments that may help:

Comps - real estate agents get paid on commission for houses they list so offering to give them good leads on listings for sellers who decide to go the traditional route may get you better traction.

Buyers - Try to build a small buyers list that you can run deals by if you get a deal together. Having an idea of what investors are looking for can make putting a deal together a lot easier. Going to REI meetups and looking for recent cash purchases in the area would be a good place to start.

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