My First Two Properties

[Najeriq Mentor]

Just a quick "About Me". I am a new investor in Columbia, South Carolina. I am in the Army Reserve, a father of two and am engaged to be married. Real Estate has always been a topic that caught my interest, however where I would fit in and how I would begin were 2 questions hindering me from making any money in it. In high school I read a book that listed "assignment of contract" as a way to supplement your income. Being young and skeptical, I pretty much overlooked it and forgot about it altogether until..

About a year ago, I began searching online for ways to supplement my income. I ended up in a forum similar to this and stumbled upon what I had once overlooked, "assignment of contract". I am older now and able to take certain risks so unlike the first time I found this information, I was very excited. To this day I get a stream of excitement in conversations about real estate, its potential and moreover what it can potentially do for me and my family. Working full time and taking care of my family I still managed to read online content, attend free webinars, listen to podcasts, read e-books, watch Youtube videos, You name it! Anything that pertained to Real Estate Wholesaling always seemed to grab my interest. So much that I couldn't learn enough about it. I spent about 3 months researching it. Now I have my first 2 properties under contract and I am aggressively marketing.

Prior to these 2 properties, all my deals I have worked on over the past 6 months have been JV deals, where I would be marketing and selling another wholesaler's good deal. However I feel now that I have learned enough about wholesaling to begin contracting and marketing my own deals, plus there are bigger profits to be made. So I did just that. As a matter of fact my partner and I were able to contract 2 deals in the same day. Now that the hard part is done, I want to touch up on what seems to be a sensitive subject. Cash Buyers.

I've replied to emails, answered a ton of calls and at one time thought I had a substantial buyer's list, however I have now learned that there are a lot of "Wannabe Cash Buyers". I've watched Cris Chico on Youtube and have learned a lot about filtering my buyer's list to weed out the wannabe cash buyer's, and to my surprise, they made up about 85% of my list. Most "cash buyer's" are other wholesalers; marketing technique, I get it. What's frustrating is when you tell them you're a wholesaler, yet somehow they forget to tell you they're a wholesaler too (yeah right). I only have a good 3 or 4 buyer's that actually buy houses. As you know these buyer's are very selective.

I have been marketing to other cash buyer's in my area. I have no problem working with other wholesalers. I have first hand seen how effective it can be to team up. With that being said, I have teamed up with a few local wholesalers on these properties on a contingency basis. Yet I am still hoping I am the one that finds the buyer. These 2 properties are Deeply discounted both below $50,000 and both currently rented. With that being said they won't be hard to sell to the right buyer. Any advice you can give me on finding cash buyers for my deals will be helpful. 

By the way it's only been 2 days. I have kept good communication with the sellers. And my title company is performing title searches on both properties.