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Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Rami Polatchek
  • Flipper/Rehabber
  • Tel Aviv Yafo
2
Votes |
9
Posts

Whole-Selling in Dallas TX

Rami Polatchek
  • Flipper/Rehabber
  • Tel Aviv Yafo
Posted

Hi everyone.

I guess all has said and done about the competitiveness of the DFW TX market.

I'm a new fix&flip (out of state) investor to this market with 500K budget and yet I find it extremely hard to find an off market property under 70% investment on ARV area.The big wholesalers don't really leave any bones to an unknown newcomer like me.

I started looking for a hopefully promising ambitious fresh exclusive wholesaler to overcome the unsuccessful race.

I’ll be happy to hear ideas and opinions how to get an exclusive relationship with wholesalers.

Thanks

Most Popular Reply

User Stats

146
Posts
148
Votes
Alex Grosvenor
  • Realtor
  • Dallas, TX
148
Votes |
146
Posts
Alex Grosvenor
  • Realtor
  • Dallas, TX
Replied

Solid Wholesalers are hard to find. They are few and far in between. When you do find a solid wholesaler the most likely already have their go to cash buyers. They don't know you and they don't know if you are really a cash buyer or just saying you are. 

With that said it takes time to build relationships and build that trust up. Be patient, real estate is not a get rich quick thing. It can happen rally fast, but it most likely won't.

Under 70% of ARV meaning when you buy it or do you want to be under 70% of ARV after you fixed the house up already. The first one I find every single day. The second one is non existent.

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