Securing wholesale deals in Milwaukee.. so everybody wins

[Brandon Roberts]

Hello all, I am currently new to the Milwaukee area wholesaling scene, and I would like to ask others who are in the area about any methods (On-Market or Off) that have worked for you on securing deals that you can then present to your cash buyers.

I understand competition is pretty fierce in Milwaukee and it seems to be quite saturated with wholesalers, all of which can be quite intimidating. However the Milwaukee real estate community found here on BiggerPockets has provided me with a great, positive sense of comradery and community. It brings me much happiness seeing other wholesalers on here helping each other out.

So far I have been talking with agents about properties listed on the MLS, crunching the numbers, and making reasonable offers with enough spread for every party involved.

I want to improve the public image of wholesalers locally, by adhering to a strong code of ethics and providing solutions to people who need it.

Any advice and/or tips on how to secure my first contract here in Milwaukee, and how I can swiftly get it to cash buyers in need. Is EXTRAORDINARILY appreciated! Wishing you all more health & success in real estate!

[Alec Marquette]

Not an active wholesaler but MLS still seems pretty smoking hot and will be for sometime with such cheap money going around. I would focus my time on direct mail/driving for dollars/cold calling landlords. Get creative! I personally have had success with direct mail. Where wholesalers get a bad name is when they are lazy with the numbers and present an inflated ARV or when they take advantage of grandma. That will never change, but you could stand out individually on your own. My rule is always disclose to a seller they could make more listing with the MLS, but it's quick and easy if you sell to me etc... Believe it or not some people will still go for a quick easy sale, even in todays market. Any investor worth their salt will pick your numbers apart so make sure they are solid and can be backed by comps.