Question on Buyers.

[Kaleb Price]

I’m starting out in wholesaling in a market close to where I live but I still am a little confused, so when I find a great deal and get it under contract do I have to find a cash buyer or can I market it to home buyers if the property is able to be moved into and if so what are the legality’s behind doing that? Thanks guys!

[Kaleb Price]

Quote from @Mohammed Rahman:

Hey @Kaleb Price - good for you on taking the initiative. I'm not too sure how things work in your local market, but here in NYC you can't market a home you don't own unless you're an agent. 

If I'm in your shoes, and have a good deal to wholesale, you could simply give real estate agents a call and ask if they have any buyers. Most agents will typically have a list of buyers that they're working with and won't mind passing your property along to them as long as you can also provide some type of cut/commission for the deal. 

Alternatively, you can also attend local RE events and talk to other investors/buyers that are interested in buying the deal from you. Typically though, if it's a fully renovated home that you just got under contract on a good price, I'm not confident that an investor is going to jump on the deal right away. 

Thank you for your response! I do not yet have a deal or anything under contract I’m still learning and am not clear on everything but the only way to learn is to start! I have cold called but I'm mainly looking for connections until I have a confident understanding. Your response clears some things up, thank you.