Investor · San Francisco, CA · Member since 2015 · 32 posts · 16 votes
Hi BP community,
My wife and I just purchased a fixer upper in Marin County, CA. The home needs some significant work which we are excited about, but I am starting to get a little nervous that it is too big of a project for us right now. Therefore, I am considering selling it once we close. It was a probate sale (which took a long time to run through the process) and was not marketed very well. It is also the best school district in Marin County and therefore a very desirable town. For Marin the lot is very large 10,000 square ft so expansion is an option.
My question is: What is the best way to find an investor/developer/buyer to purchase this property. I am talking with my agent and he has a network of other agents which he will shop this around if we do decide to sell. Most of his network is your typical residential buyer. Are there websites I could post on, groups I could reach out to or would it be possible to work with a wholesaler that has a buyer’s database?
Oh goodness, man yes, just go to a local REI meetup out there. That's the best way, find the guys that are out doing it. Social media will get you a zillion calls from wholesalers, claiming to have a huge buyers list (some actually do) and therefore the ability to close.
Actually the place I meet most serious local investors in Houston, my local area, is right here on BP. So the answer might already be in your inbox.
No seriously, what you hare describing is called a wholetail deal -- something between wholesaling and retailing a house. -- and a lot of serious investors do this. You could even do a partial rehab -- or just park a dumpster and clean the garbage out of it -- before handing it off to a local flipper.
Oh goodness, man yes, just go to a local REI meetup out there. That's the best way, find the guys that are out doing it. Social media will get you a zillion calls from wholesalers, claiming to have a huge buyers list (some actually do) and therefore the ability to close.
Actually the place I meet most serious local investors in Houston, my local area, is right here on BP. So the answer might already be in your inbox.
No seriously, what you hare describing is called a wholetail deal -- something between wholesaling and retailing a house. -- and a lot of serious investors do this. You could even do a partial rehab -- or just park a dumpster and clean the garbage out of it -- before handing it off to a local flipper.
I don't know how I just copied your reply, anyway I'm out here in katy and I was wonder if you knew of a good local REI I could attend. Just starting out.
@Kyle Rosseau FACBOOK GROUP CHATS IN YOUR AREA!!!! I swear it's the best form of marketing to find buyers or specific contacts.
You would make a post as if you're selling something or looking for whatever it is. People will start tagging on other people and before you know it you have all your connects just like that. So fast and easy. I wish I would've done it before much earlier when I started.
I rely on that for buyers, new buyers, referrals for contactors, sub-contractors, and more. USE IT!!
Hey @Kyle Rosseau , that's a good question! We grow our network by joining FB groups, attending networking events, we also hold our own networking event every 3rd Tuesday of the month, website, and email and social media marketing. Our virtual assistant team helps us market our properties via email and FB. Let me know if you need help
Great advice...thanks so much for the responses. As of recently the sale has been tied up as one of the owners is trying to protest it through the courts. This will most likely extend out close date.
@Isaac Moore@Alex T. ll have to try facebook group out. I would have never thought about that!
@Karen Rittenhouse Good advice on the meetups...I need to attend some more of those. I will have to check out homevestors of America. I haven't heard of them.
@Mark Sewell You could be right...I have already heard from a handful of interested folks that live in Marin right here on
Great advice...thanks so much for the responses. As of recently the sale has been tied up as one of the owners is trying to protest it through the courts. This will most likely extend out close date.
@Isaac Moore@Alex T. ll have to try facebook group out. I would have never thought about that!
@Karen Rittenhouse Good advice on the meetups...I need to attend some more of those. I will have to check out homevestors of America. I haven't heard of them.
@Mark Sewell You could be right...I have already heard from a handful of interested folks that live in Marin right here on