Finding investors for Wholesaling

[Matthew Bellefontaine]

Hello, 

I am brand new to real estate investing and want to build up some cash by wholesaling. It seems like a great way to learn by doing on how to find deals, assess values and meet investors before buying some my self.

My question is, how do you find investors? some deals can be time sensitive, if you have lets say 2 weeks to find investors, how would you go about it? Do you find an investor first, then go looking for deals?

Would love to hear any feedback anyone may have,

Thank you, 

Matthew

[Brenden Mitchum]

Hey @Matthew Bellefontaine, welcome to the BP community!

Wholesaling is a great way to build some capital but it is not easy and will take a lot of time and some cash invested to do it right. Definitely recommend educating yourself further on the strategy by taking a course or watching some youtube videos. Lots of great info and helpful tidbits that can make a big difference in the world of wholesaling. 

When it comes to finding buyers, that's probably the easiest part. Finding serious buyers who are ready to rock is another story but you'll quickly find out who's for real and who's not. I'd say your best bet to start building the list is via social media. This post, for example, would have been a perfect opportunity if you'd also included your market in it. You don't want to specifically ask for buyers because that will get you flagged by BP but something as simple as "I'm starting to wholesale in MARKET..." then ask for tips on finding buyers. Just something so that folks in your market who have their keywords set up will get notified of your post. 

Another great way to find buyers is via facebook groups. Join every real estate group in your market and post that you're looking to build out your buyers list. Be careful not to post too many times in too short a timeframe or your account will get thrown in facebook jail. You can also skim these groups and reach out to folks directly that are active and appear to be investors. Make sure you comment or like their post to increase the likelihood they see your message.

Spend an afternoon doing this and you should have enough buyers to feel more confident about marketing to potential sellers. 

Hope this helps a bit! Please, feel free to reach out anytime if you have other questions or just want to chat!