Philadelphia, PA · Member since 2018 · 21 posts · 5 votes
Hey, everyone I’m new to real estate and looking forward to wholesaling. Should I look for buyers first or should look for deals first. I just recently finished up an online course called the real estatr money club with learning the basics and still a little confused.
Rental Property Investor · Drums, PA · Member since 2017 · 345 posts · 365 votes
7y
@Kamira Collier First things first, find a property and get it under contract. Once you have something worth selling, you’ll have no problem finding buyers! That’s exactly how you’ll know if you’re done a good job or not.
I’ve been contacted by “wholesalers” who never have deals to sell. Those guys get blocked on my phone. On the other hand, wholesalers that have good deals and especially ones I’ve bought from before... I touch base with them every week of 2.
Rental Property Investor · Drums, PA · Member since 2017 · 345 posts · 365 votes
7y
@Kamira Collier First things first, find a property and get it under contract. Once you have something worth selling, you’ll have no problem finding buyers! That’s exactly how you’ll know if you’re done a good job or not.
I’ve been contacted by “wholesalers” who never have deals to sell. Those guys get blocked on my phone. On the other hand, wholesalers that have good deals and especially ones I’ve bought from before... I touch base with them every week of 2.
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts. I’m in Philadelphia, so I set my keyword alerts for topics and subjects in Philadelphia. I attend a few Real Estate Investment clubs as well as host some myself.
If you're looking to get started and do your business in Philadelphia, I could be of some value to you. What are you confused about regarding wholesaling in Philadelphia?
Flipper/Rehabber · Cleveland, OH · Member since 2018 · 80 posts · 51 votes
7y
I'm just starting on this too, but everything I've read points to getting the property under contract first. It's difficult to sell something that you don't have.
Rental Property Investor · Jersey City, NJ · Member since 2014 · 157 posts · 47 votes
7y
Hi @Kamira Collier, like many people have already said getting the deal is more important than finding buyers. Especially now with all of these networking sites once you have a deal you can market it in so many ways such as here on BP in the marketplace, craigslist, connected investor, meetup, etc..
Try to build up your buyer's list by networking on these sites and it will grow pretty quick, especially if you have some solid deals.