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Updated almost 3 years ago on . Most recent reply

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Jahquel Pullen
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I'm having trouble finding an end buy

Jahquel Pullen
Posted

I'm a beginner wholesaler trying to learn more about real estate investing. I have a property under contract that is a On-market property, and I'm having some issue finding an end buyer for my deal. Does anyone have any suggestions on how to find more end buyer's, so hopefully my wholesale journey will be more easier for my next deal and this current one. 

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Michael J.
  • Real Estate Agent
  • Greenville, SC
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Michael J.
  • Real Estate Agent
  • Greenville, SC
Replied

If you are having trouble finding a buyer its because you have it priced too high.  The issue with trying to wholesale on market properties is that all the investors have already seen that property.  So unless you were able to get it under contract for 50-70% off the list price you will have a hard time getting it assigned.  To be successful at wholesaling you have to be able to find deals at a deep discount so that you can have room to add your fee and the end buyer still be able to profit on the deal.

As far as finding buyers, join the local real estate investor facebook groups, find the local REIA chapter and join it, look on meetup.com for real estate meetups, go to local auctions and see who is buying the properties, look on zillow at all the recently solds and see which ones look like flips and reach out to the agent and let them know you have a property their client might be interested in.

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