Should I go after buyers or sellers first?

Question

I am in the Fayetteville/ Cumberland County NC area. I am a new wholesaler and would like to know if I should start going after sellers or Buyers first?

Mike Dymski · Answer

All you have to do to find buyers in this market is open your eye lids.

Don-Carlos Moniz · Answer

@Rasean Lowe, I would recommend finding sellers. There are far more buyers right now than there are deals. Once you have a property under contract you can put it on Facebook Market Place (or how ever you plan to market) and have buyers contacting you. I would also recommend going to the local real estate meet ups to start networking.

If you haven’t done so already, I would start looking for an attorney. NC is an “attorney state,” so you will need one to close deals - and not all attorneys will work with wholesalers. I know that Tiago Tittle does, but there are others as well.

If you have any questions, don’t hesitate to ask.

Caleb Brown · Answer

Find the sellers. Also be firm on criteria so you aren't picking up turds. I see so many new wholesalers have deals in terrible areas, overpriced, etc. Learn the market, find the hot areas, and focus there

Michael Carbonare · Answer

@Rasean Lowe  I'm not a wholesaler, so my experience may not apply here.  But for me, mostly doing lease options, without question the bulk of my time and effort is focused on finding the deal.  Once a deal is had, securing a tenant/buyer is usually a much quicker process.

Joe S. · Answer

You find the deals and I know where there’s a buyer close by. 😉😉

Sam Smith · Answer

@Rasean Lowe

At the risk of going against the grain, I would reach out to some buyers first and ask what kind of deals they invest in. Ask their parameters and price and all that. This way, you'll know whether or not you have a good deal when you get one. Plus, people are more likely to work with you if you've at least messaged a bit before you have a deal in had. At least, I would be.

Good luck and please let me know how it turns out for you!

Matthew Irish-Jones · Answer

@Rasean Lowe if you find a great deal finding a buyer should be a piece of cake.

Eric Bilderback · Answer

Cold call buyers if you call 2000 buyers a month for 3 months you will be busier then you can handle I bet.

Paul Gottshall · Answer

I've heard both sides, but expect it's difficult to really attract a buyer without a property to show.

Rasean Lowe · Answer

Thank you all for your input and advice.

Should I go after buyers or sellers first?

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