Rental Property Investor · Pittsburgh, PA · Member since 2018 · 142 posts · 55 votes
I bought a property from a wholesaler a few months ago and I am looking for more. I am on that wholesaler's email list, but I'd imagine there are more active in my area (Pittsburgh). The thing is, I can't seem to get in touch with them. I have found several wholesalers websites but they are of course set up for people looking to sell their homes, not for buyers. Usually there is a webform that allows you to enter an address and not much else. I've tried doing this anyway to see if they will call me but no luck so far. Any advice on how wholesalers and cash buyers find each other?
Rental Property Investor · Chicago · Member since 2018 · 612 posts · 1k+ votes
6y
@Account Closed - for what it's worth, I've had luck doing the following:
1. Networking events - This is by for the biggest one. Wholesalers are out there hustling and looking to sell, so attend as many local events as you can.
2. After attending these events stay in contact, make it a point to text every so often to check-in and if they have anything popping. I feel very few people take this step after meeting someone at an event.
3. Call anytime you see a "we buy homes" sign
4. Search BP and make introduction (upgrade your account to better filter)
5. Talk to your title company at your next closing. Ask how many assigned contracts they did this month and if there was an entity doing most of them.
5. This is more of a tip for wholesalers, as one guy actually found me. I made a cash purchase and he smartly sent me a postcard congratulating me on my cash purchase of address xxx and asking if I'd be interested in other properties in the area. I've since bought a SFH off of him.
These are not bullet-proof, and it's important to note that if you rely 100% on wholesalers, you are going to be at their mercy of deal flow. I feel they should be a part of your arsenal, but you need to also get direct to owners and/or find other avenues to ensure a steady deal flow.
Rental Property Investor · Chicago · Member since 2018 · 612 posts · 1k+ votes
6y
@Account Closed - for what it's worth, I've had luck doing the following:
1. Networking events - This is by for the biggest one. Wholesalers are out there hustling and looking to sell, so attend as many local events as you can.
2. After attending these events stay in contact, make it a point to text every so often to check-in and if they have anything popping. I feel very few people take this step after meeting someone at an event.
3. Call anytime you see a "we buy homes" sign
4. Search BP and make introduction (upgrade your account to better filter)
5. Talk to your title company at your next closing. Ask how many assigned contracts they did this month and if there was an entity doing most of them.
5. This is more of a tip for wholesalers, as one guy actually found me. I made a cash purchase and he smartly sent me a postcard congratulating me on my cash purchase of address xxx and asking if I'd be interested in other properties in the area. I've since bought a SFH off of him.
These are not bullet-proof, and it's important to note that if you rely 100% on wholesalers, you are going to be at their mercy of deal flow. I feel they should be a part of your arsenal, but you need to also get direct to owners and/or find other avenues to ensure a steady deal flow.
Buffalo, NY · Member since 2018 · 790 posts · 530 votes
6y
I would say networking events would be your best bet. You can also search BP - I was just recently approached by a wholesaler through my inbox on BP, I suppose it could work the opposite way as well.
Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
6y
@Steve Emling Google ‘Sell my house fast’ and your city and the top results will most likely be wholesalers. Also call those we buy houses signs. Wholesalers are pretty easy to find.