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Updated over 1 year ago on . Most recent reply

User Stats

7
Posts
4
Votes
Jazmin Purifoy
  • Wholesaler
  • Atlanta Metro Area
4
Votes |
7
Posts

More than a wholesaler. I want to build connections.

Jazmin Purifoy
  • Wholesaler
  • Atlanta Metro Area
Posted

I'm in the ATL area and new to wholesaling. I've been told to build my buyers list first, then find title companies, and then start making offers. I feel comfortable with finding comps and think I'm on the right track with ARV numbers, but i have nobody to run this information by to ensure Im actually on the right track.

I get time is money and thats what im trying to do. Get a little bit of your time now so WE can make money on a consistent basis later.  

I would like to find buyers in the ATL metro area, get their criteria and find those specific off market deals rather than gethering a bunch of properties that may or may not sell.

I would like to network with other wholesalers, get their experience in the business, good and bad, and JV on some deals if the opportunity presents itself.

I get the trail and error but I would like to minimize those errors as much as possible if possible. I want to avoid burning bridges before I even get started. 

Any investors and wholesalers willing to give advice I will greatly appreciate your time. 

Most Popular Reply

User Stats

1,606
Posts
1,704
Votes
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,704
Votes |
1,606
Posts
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Jazmin Purifoy, I somewhat disagree with you. I would recommend simultaneously building your buyers list AND getting deals under contract. If you have a home run deal under contract, finding a buyer will be as easy as posting the property in an investment networking Facebook group. You'll receive multiple offers. The problem is, that the majority of wholesalers complain about not finding an end buyer because their deals are trash. 90% of the wholesale deals I receive aren't deals at all. Their ARV and rehab numbers are inaccurate and they essentially get the deal under contract at market value leaving no room for margin. Focus on finding legitimate deals first, AKA you need to find motivated sellers! If you have a deal, finding a cash buyer is simple.

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