How To Look For Wholesale Buyers??

Comments(8)

• 
  moveitnow4th March, 2004

  Assuming these are rehab properties:
  - classified ads for Handyman Specials
  - local REI group
  - Bandit signs
  - your buyer's list once you have sold a few
  
  I am sure others can add to the list.
  
  Peter

• 
  jbinvestor5th March, 2004

  Make a website (it's not that hard, or expensive) and throw that on your advertisements. Mine generates leads for me everyday. I dont want to post it, because I don't know if that would be against the rules... But if you pm me I can give you the link.
  
  JB
  [addsig]

• 
  rainforrester5th March, 2004

  Hi Chris.
  
  I am mainly wholesaling also, to get my cash position improved. I run an ad that gets me call from a variety of sellers. What to do with ones i'm not interested in but might have some profit?
  
  My local REI is part of Yahoogroups. I sent out a request for all buyers asking them to specify their niche. I received many replies and filed them according to their desires, ie. rehabber, duplex buyer, etc.
  
  Now when someone calls, i try to match them up with a buyer. "deal engineer". I take a fee on both sides.
  
  I have heard putting ads in the paper "fixer for sale" , or L/O available, will garner you a list also. Good luck
  
  John

• 
  active_re_investor9th March, 2004

  Quote:
  On 2004-03-05 23:20, rainforrester
  Now when someone calls, i try to match them up with a buyer. "deal engineer". I take a fee on both sides.
  John <IMG SRC="images/forum/smilies/icon_cool.gif">
  
  
  Be careful about publishing that you take a fee. If you structure your deals wrong you are breaking the law. If you are acting as a broker and being paid as such you will need a license. As you did not indicate you have a real estate license it is unlikely you do (disclosure rules pretty much force you to always disclose).
  
  You need to be a principle in the transaction which more or less means you have a direct interest that is at risk rather than just brokering a deal.
  
  John

• 
  active_re_investor9th March, 2004

  Quote:
  On 2004-03-04 11:58, sharpREI_PA wrote:
  Hi TCI,
  I am full of questions today!!
  <IMG SRC="images/forum/smilies/icon_rolleyes.gif">
  
  Anyway,
  How or what is the best way to locate wholesale buyers for properties you have to flip? What kind of ads should I look for or what kind of ads should I use to draw them out?
  
  Like I said...full of questions today...learning process is a slow process 4 me(as you can tell by my number of posts <IMG SRC="images/forum/smilies/icon_lol.gif"> )
  
  Thanks TCI!!
  Chris G
  
  
  Chris,
  
  One way to is to contact investors at meetings or on forums such as this. Then build a list of folks who are interested in future deals.
  
  Put me on your list.
  
  Send me a PM with your contact details and I will get you mine.
  
  John

• 
  GREATLAKESLAND9th March, 2004

  A great way to find wholesale investors are to go the your local Sheriff Sales. All of the people there are cash buyers. Depending on your area they have them everyday.
  Good Luck

• 
  active_re_investor9th March, 2004

  Great idea.
  
  Hard money lenders are also buyers in some cases. Most of the time they do not want projects.
  
  John
  
  Quote:
  On 2004-03-09 13:48, GREATLAKESLAND wrote:
  A great way to find wholesale investors are to go the your local Sheriff Sales. All of the people there are cash buyers. Depending on your area they have them everyday.
  Good Luck <IMG SRC="images/forum/smilies/icon_lol.gif">

• 
  InActive_Account9th March, 2004

  If you can offer financing to a home buyer with handyman skills you can turn your wholesale into a near retail sale. How to do this is make a contract stating that the work must be completed within a certain time frame and before move-in. Have the potential buyer pay for all materials and extra labor needed. Sell the house as-is with no warranty implied or guaranteed.