Steph — Are people still
finding wholesale deals on the MLS in FL these days?
It would be hard to even
find a wholesale deal for under 400k in Seattle area unless you go far out in the suburbs.
Let me know if
you find any wholesale deals in the Tuscaloosa / Birmingham area.
Not exact matches
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Wholesale Single Family Homes - A popular choice for beginners,
wholesaling involves scouting your local area,
finding great
deals, putting those
deals under contract to buy, and then «assigning» (selling) those
deals to an investor for a fee.
When
dealing with overseas resellers,
find out if it makes sense to establish direct relationships or sell your title through a
wholesale distributor.
Filed under Creative Real Estate Investing, Due Diligence, Getting Started in Real Estate, Motivated Sellers,
Wholesaling, bandit signs, cash buyers,
finding good investment
deals,
finding good real estate
deals, Marketing, real estate
deal, working with real estate agent, working with realtors.
If you're good at
finding deals, have a source for
wholesale products, or are crafty enough to make your own products here are some selling ideas to try.
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Those who master the art of
wholesaling are also mastering the art of
finding great
deals, which is incredibly valuable for any real estate entrepreneur.
Wholesaling is a real estate strategy that focuses around
finding incredible
deals and selling those
deals to other real estate investors without every having to own the property.
A
wholesale deal may be relatively liquid if the wholesaler is able to
find a buyer quickly, but it can also be quite illiquid if they're unable to
find a motivated buyer immediately.
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My main goal is to
find great
deals for
wholesale so that I can build a great reputation among investors.
Here's a handful of good posts on
wholesaling,
finding deals, crunching numbers, hard money loans, and a couple miscellaneous nuggets that I think can help point a new investor in the right direction.
I also want to eventually get to Buy and Hold, but I'm currently focusing on
Wholesaling to get my foot in the door, by learning first hand how to
find deals, networking, and making some money to save up for down payments.
I've seen plenty of suggestions on
wholesaling, but no meat and potatoes on strategies to build a buyer's list, negotiating or how to
find these «great»
deals everyone talks about.
Comment if you have any other sources that may be great for newbies to try when it comes to getting started on
finding deals to
wholesale.
If so, you've potentially
found a good
deal @ $ 190k; however, there are many more details that need to be uncovered to tell whether it's a great opportunity (i.e. tenant quality, what needs repaired on homes if tenant moved out, etc.) It also sounds like it's your first
deal, so I'd recommend partnering with an experienced investor if your end goal is to
wholesale the property.
As far as
wholesaling goes if you use the mls to
find your
deals and sell your
deals then you should be a licensed realtor.
If you really want to try to
wholesale MLS properties, you start by
finding a good
deal.
A lot of people will tell you that you cant
find deals from the mls and
wholesale them to other rehabbers.
I have not
wholesaled a house and
finding one that would make a acceptable
deal, for a buyer, is very difficult in our area.
But strangely while shopping my
wholesale deal I
found myself wasting my time in a meeting with 2 clowns who swore they were ready to close only to
find out THEY wanted to
wholesale it.
After earning a
wholesale fee on a great
deal he helped me get (he
found the lead, I priced it, closed it, etc) he told me he had the biggest check in his life in his hands.
I
find a
deal, or get one through a
wholesale partner, negotiate with the seller at a price that works, then notify all buyers where it fits their criteria.
Also, what kind of
wholesale deals and auction prices can you
find for 3 bd 2 ba / 4 bd 2 bath single fams, and duplex?
The market is hot right now so it's tough to
find deals if their really
wholesale prices buyers will certainly come to you.
If you
find a
deal and decide to
wholesale it you are not living up to the contract you have with your broker and are cutting him out of a commission.
I do a lot of
wholesale deals here in Orlando, FL, and the feedback I get is that buyers tend to go through a couple of
wholesale deals or wholesalers before
finding a good one.
So many investors on BiggerPockets have achieved incredible success — whether that's making a million by age 25 or closing on that first
wholesaling deal — and the forums are always abuzz with those asking, how did you
find the property, what were the numbers... or more generally, how did you get there?
While you can
find good
deals through traditional avenues, oftentimes, the best way to
find the perfect property is to purchase at an auction or
find a
wholesale property.
The point is that you can potentially get a great
deal from a wholesaler, just understand there's no free lunch and
wholesale deals come with risks not
found from MLS
deals.
A popular way for new investors to get started,
wholesaling real estate basically means
finding deeply discounted
deals and re-selling them to active house buyers, usually other house flippers (like us!).
Regardless of your experience or location, you can earn unbelievable interest, or
find unbelievable
deals to
wholesale, flip, or partner on.
Fix and flip, buy and hold,
wholesale, auction purchases, low or no credit score, foreign nationals, uncommon legal structures... where other lenders get tripped up, we
find a way to fund good
deals.
On today's episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team of Jason and Katherine Grote about their adventures in flipping and
wholesaling, while specifically
dealing with some of the unique ways they
find deals...
provided good perspective for a «newbie» wanting to jump into the
wholesale flipper market.I want to feel confident that I am offering a real
deal when attempting to do a
deal, and I want to develope an A-LIST BUYER when I do
find one.Thanks.
It's about five hours of video training where I walk you through the entire process of
wholesaling - from choosing a farm area to building a buyers list, to analyzing
deals, writing up the contracts,
finding an end buyer, and then getting the
deal to closing and getting paid.
I put another video together for you yesterday that shows you a super easy (and free) way to
find buyers for your
wholesale deals.
That's why we're going over the 17 best ways to
find cash buyers for
wholesale deals so that you can grow your real estate investing business.
Wholesale Price: $ 77,000 After Repair value: $ 140,000 Hard to
find a
deal for less than $ 80,000 these days.
If you're here, you already know how important it is to
find cash buyers for
wholesale deals.
There is a learning curve as you get into the business (how to
find properties, analyzing
deals, negotiation skills, etc.) that you learn with minimum risk in
wholesaling.
I didn't go any further, and don't want to hijack this thread, because Jimmy is looking for help
finding investors, but I just had to point out that
wholesale deals are not typically
found on «
wholesale listing sites».
But if you
found that lead from your normal direct marketing campaign and diverted it, is that a prohibited transaction since you used personal funds that sourced the
deal you then
wholesaled in your IRA?
I
find motivated sellers and
wholesale deals in TC.
I've
found some decent
deals through the
wholesale avenue, and networking with the local REIA is a great way to go too.
I'm always
finding off market
deals with Chris Gill to flip,
wholesale or for new builds!
The first few
wholesale deals I tried to
wholesale, I couldn't
find a buyer for because the
deal did nt work, or the location sucked, or I offered too much.