Who will help me buy 50 more units in Fall River this year?

[Gualter Amarelo]

I purchased 24 units in Fall River last year and was able to stack up another 11 units in the city at the beginning of the year, but I have a goal of buying 50 units this year so I am still 39 units shy...

I guess that isn’t the whole story.. So I currently own 50 units and have another 14 units under agreement at the moment. If those close that will put me half way to my goal with 25 units taken down and 25 units left to go. (Yes, I know this will end the year with 89 units and not 100)

I would love to get to 100 by the end of the year, but I am going to have to step up my marketing somewhere or find some really good wholesalers to make this happen.

My question is where are the best wholesalers in the country and how do you convince them to start targeting your market?

I currently have a line of credit for just a little over $1,000,000 which with my lenders could at a minimum get us another $5,000,000 in deals done, but that isn’t the full potential.

I’ve been raising private capital and have another $1MM-2MM in Private Capital that can help us acquire another $5MM-$10MM in property.

Of course all of this personal cash and private capital doesn’t include the seller financing I’ve been using to reduce the 20% down payments to 10% of 0% down on some of our recent deals.

So in some ways, as long as the deal makes sense we can move on somewhere between $10MM-$20MM in real estate deals here in Fall River, Massachusetts.

So since money is a none issue, we are focusing more on the Aquisitions side of the business and realizing that there just aren’t enough wholesalers in our market. We are open to the New Bedford market and could possibly be convinced to do business in Worcester.

Anyway... if you know a good wholesaler or a real estate Agent with off-market deals willing to work with us in the Massachusetts area please tag them here so we can connect and do a bunch of deals together.

I appreciate any and all referrals. Cheers to our success!