New to Real Estate · Gainesville, GA · Member since 2022 · 37 posts · 15 votes
Good Afternoon Fellow Investors,
I am an up-and-coming wholesaler who would like to meet some wholesalers and learn about the nuances of how they do business. I operate Northeast of Atlanta (Gainesville area) and it's hard finding wholesalers that operate in my neck of the woods. If there are any that wouldn't mind connecting, please let me know.
Lender · Woodstock, GA · Member since 2023 · 16 posts · 5 votes
3y
Something to consider here... There's a number is private REI lenders that are not going to lend on an investment property if the consignment is crazy high. The bulk of your clients are going to be investors that may be relying on private lending to purchase and rehab your wholesale. The idea is to find the property (that's not listed on the MLS) and then pitch it to an investor. All it takes is a simple Zillow search to find out the listing history. So, if you find a property listed on the MLS for $160K and you are going around trying to pitch comps and how it can make this or that while your asking $200K+, keep in mind the MLS will be the first place the investor will start.
It's good to understand what your end buyer needs too. Not a bad idea to connect with other wholesalers to get an idea of the market and areas to target, but also try to keep an open mind and connect with investors that buy from wholesalers too. It's critical to understand what due diligence you need to do as a wholesaler.