Hot Areas to Wholesale

[Mateo Duba]

Hello BP fam!

Me and my partner have started our journey in Real Estate by starting off in the wholesaling space.

We went driving for dollars yesterday and jotted down many distressed properties, however, there is a strategy of finding cash buyers and finding out where these people invest. The “HOT” zip codes.

My partner and I have contacted our county courthouse to try to obtain cash buyer lists and all of them have told us we can’t.

I refuse to believe that.

So then I called a family member who is a realtor to see if he can filter houses sold in last 6 months by finance type: cash buyers, but the MLS is not letting him filter.

Experienced wholesalers, please help us figure out where to find this information. It’ll help jumpstart our hustle IMMENSELY.

Thank you!

[Timothy Durante]

@Mateo Duba First and foremost welcome to the BP community! Wholesaling is a great way to start in real estate to help build up capital. In terms of finding new leads to generate for potential buyers my first suggestion would be to check out the influence social media has AKA Facebook or Craigslist. Join your local groups to help build your network. Another suggestion would be to attend networking events in your area. Not only can you come into contact with buyers but you may network with individuals in specified trades such as contractors, plumbers, electricians etc... The stronger your network the stronger your value.

Don't forget reputation is everything, having strong comps that support your research on the subject properties you come across will be vital in bringing value to those you encounter. Stay away from Zillow and Redfin on estimating your ARV's, although they may help give "ball-park figures", real estate is a calculated investment. Accurate information will help establish your credibility and trust with future investors.

There are buyers every where you just have to find them in the right places.

Best of luck!