How to find wholesale deals and buyers

[Kevin Joyce]

Hey,

I am started doing research roughly 2 months ago in real estate investing. Trying to gather as much information as possible before i jump in. How do you find wholesale buyers? If a hypothetical studio in Arlington, VA is to pop up, how can you find potential buyers and determine if its a good property to buy?

[David Lee Hall, III]

Such an open ended question:

1) learn how to run comps

2) learn how to estimate repairs

3) learn how to estimate market rents

4) learn the styles different investors use to buy (such as 70% rule, 1% rule, etc.)

Once you have these 4 down you can determine what prices are investor friendly.

Next, you need to sell the home. Learn to use public records and look at nearby records for non owner occupied properties. Take those owners and contact them. You can also use Facebook groups for the area, Craigslist, or BP marketplace.

You can shortcut many of these steps using software tools. But you may also be relying on them as opposed to actually knowing your business. The tools should be used to raise your game not be your game.