Need Buyer Now!

[Maleek Richardson]

There is a hotel in Newport News Va and I’m looking to wholesale it but I have no buyer lined up for it. Does anyone know how I can find a buyer for this?

[Abel Curiel]

Quote from @Maleek Richardson:

There is a hotel in Newport News Va and I’m looking to wholesale it but I have no buyer lined up for it. Does anyone know how I can find a buyer for this?

 Hello Maleek,

To insure you get compensated on the deal, you'll want to first get the hotel under contract. I am not sure about Newport News but in my market, you'll need 5-10% of the purchase price to get the deal in contract.

Without a contract or a Real Estate license in VA, it could be a waste of your time to go out looking for a buyer. Reason being, the buyer can just go past you to the seller or seller's representative.

That said, if you're looking for a buyer, BiggerPockets is a great place to start.

Spend some time looking up local investors using the search feature. Here, you'll find recent and older BP posts from members in/around Newport News. 

Lastly, if this is a good deal, you might want to add some details on this post here to entice people to DM you.

All the best!

Abel

[Keona Hunt]

Hi! I’m an investor agent in the area as well. We should definitely connect and I could see if I have any buyers interested in it as well