Updated almost 5 years ago on . Most recent reply
Wholesaler looking for investors
Hello everyone
I'm a beginner at wholesaling. I manage to find one or two deals at 70%LTV and lock in the buyer under contract but I only have access to one investor. He passed on the deal and I've been looking for a way to gain more investors/buyers so I'm able to sell the contract.
My question is how do I find more investors so I have more options with the contracts I acquire ?
Also when wholesaling do you guys ALWAYS use earnest money to lock in all your contracts ?
P.s Sorry if the posted more then once. New to the site. I didn’t see my post in the forum so not sure if it’s posting. Any help is greatly appreciated. Located in the New York, NY area. Thank you.
Most Popular Reply
#4 Wholesaling Contributor
- Wholesaler
- Austin TX
@Reynoldy Berquin NY is a title attorney state. Your title attorney should be investor friendly, which means they should know other investors. You should absolutely be using earnest money when you put a house under contract. Definitely build up a buyers list. You dont want to rely on only one buyer for your deals. You definitely need a good real estate attorney, its actually legal for you to list your wholesale deals on the MLS. You must disclose that you are not the property owner, you are only offering your equitable interest for sale. Send me a PM and I will give you the contact info for the attorney I know in NY who has given me all this info.