My name is Derek Grier Jr., and I am new to this forum. I am in the Norfolk, Virginia area and have saved cash to begin investing in real estate. I’d like to know how some of you were able to find wholesalers to work with? Did you go to local events, google them? How do you find them?
Thanks in advance!
Derek Grier Jr.
Hi Derek! Events are a great way to network. I think talking to investors who are already doing what you want to do is the best way to find a list of wholesalers to work with. The guest on the BP podcast I was just listening to advised to be weary of most wholesalers because it's not regulated and any hustler on the street can call themselves a "wholesaler". Many wholesalers will give you bad deals, ALWAYS verify the numbers yourself. He said that probably %90 of the good wholesale deals come from %10 of the wholesalers, and I think his estimation is probably spot on. I was able to quickly find about 6 or 7 good wholesalers very easily by reaching out to local investors on BP. Individual investors can't take every deal that lands on their plate so often times they will even shuffle deals over to you if they know what you are looking for. Good Luck!!!
Hi Derek, My name is Jerryll The Monkey Noorden. But mom calls me The MSOOTKAUG.
The best way to find wholesalers is on craigslist. Sure all the riff raff is there also but there is when you see wholesalers that have contracts for sale. So they are active. My rule of thumb is that when a wholesaler is on craigslist chances are they suck. A good wholesaler wouldn't be on CL because a good WS shouldn't have problems selling a contract.. unless of course if they want to attract more cash buyers.
Hence me replying to you with try craigslist.
@Derek Grier Look me up on Meetup and join all the groups I'm part of. Almost every post on those groups is from a wholesaler in the Hampton Roads area
Some pretty quick and easy ways to find wholesalers are:
1) Search Craigslist under the housing section for "cash", "wholesale", "ARV", "flip", etc.
2) Call the numbers on the "We Buy Houses" bandit signs in your area as they are typically wholesalers.
3) Local Facebook groups will always have wholesalers posting deals they're stuck with and need to move.
4) REI meet-ups and networking with other investors in your market who are actively buying deals.
5) Research county records to see who the big auction buyers are in your market as they may be wholesaling some.
@Derek Grier when you drive around and see all the crappy hand written signs that say "we buy house cash and fast" take down the number and call them. Most of them are newbies but you might stumble into a good deal. The more professional "we buy houses cash" signs are probably more reliable for good deals but not as many of those signs around
Thank you @Brian Garrett I will try those methods!
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