Buyers list! Lesson learned!

[Shelby Robinson]

Ok....I'm still screening calls from my 1st direct mail campaign. And although I can recognize a killer deal when I come across one. 

Here's my issue Im getting calls from actual investors who own property so they sorta know the ropes. They understand I'm offer to pay all cash, and a few were willing to give a slight discount however I'm lacking confidence when the numbers are tight. All have been from rental properties in my area. That are generating income. 

Lesson: I figured if my buyer was the buy & hold type. Perhaps they would be willing to pay a little more for a property. This way i would definitely know if there's any money to be made on the deal. Even if it is a small assignment fee. So to all my fellow newbies....buyers list 1st or simultaneously! 

Advice always appreciated? 

[David Rundle]

@Shelby Robinson Wholesalers typically don't have a bad reputation with the investors they work with or with people who understand the services we provide.  It's hard to purchase a property from a buy and hold investor that has cash flowed the property for many years, they know what the value is to them because their properties provide passive income. 

Wholesale deals come from folks who absolutely need to sell their properties.  A buy and hold investor may call you just to see what you're up to, and he/she may have no intention of selling anyway.   You're not taking advantage of anyone, you're actually providing a financial vehicle for them to liquidate an asset quickly.  

Not everyone needs to liquidate their house quickly, so we can't provide our service to everyone.   Absolutely no wholesalers that I know operate as a real estate agent, and if they do they are licensed.  

You have to be very cautious with biggerpockets and the negativity that some folks bring here.  Wholesaling is a definite way to make money and provides a very valuable service to those who need it.  It is not illegal and those who are researching wholesaling should not be discouraged to take action because of the few who maybe don't understand what we do, or assume that all wholesalers are alike.  As with any profession, there are good wholesalers and bad wholesalers.

Keep positive, keep going, take action! Let me know how I can help and I will.