Hi, I'm an extremely new wholesaler in the Northeast Atlanta market. I haven't even done my first deal although I'm working on it. But I was wondering about wholesaling lots. If it's much different than houses. Or more difficult. Any tips? All information and advice is welcome.
As I've been networking and building my buyers list, I've found only a few people that want empty lots. They are a different kind of investor than many of the flippers and landlords I meet. But that's in my area and in the circles I've been traveling.
I suggest getting involved in your local REI community. Ask people if they're interested in land. Ask them if they know people who are interested in land. Find out who does, and find out from them who they work with that also might want land.
As I've been networking and building my buyers list, I've found only a few people that want empty lots. They are a different kind of investor than many of the flippers and landlords I meet. But that's in my area and in the circles I've been traveling.
I suggest getting involved in your local REI community. Ask people if they're interested in land. Ask them if they know people who are interested in land. Find out who does, and find out from them who they work with that also might want land.
@Shawn Hundley If you go and visit the county and the cities in that county you will find every single builder there is. This will help you build a builders list, a flipper list and commercial land builder. Pretty much anybody who has gotten a permit, own land or has build property in the past. I think REIA can be a waste of time. Because why find just a couple builders who visit REIA's when you can find ALL OF THEM in bulk at one time.
I've been able to move lots to holders and builders. Let me know if you need any help.
Thanks for getting back to me. When you go visit the county what exactly do you mean? Do you mean the court house or literally drive around the city looking for builders?
@Shawn Hundley he means getting a list of permits from the city or county. You can also compile a list for local Home builders association as well as google search.
You can fam vacant lot owners in established neighborhoods and get lots under contract and flip to builders. I have done a ton of these over the years as a buyer and seller. The key is going after buildable lots in good areas.
There is a strategy of wholesaling land rural land where you buy land very cheap and then flip cheap or owner finance to end buyers.