Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

65
Posts
15
Votes
Raphael Cuthbertson
  • Charlotte, NC
15
Votes |
65
Posts

How many cash buyers in your list?

Raphael Cuthbertson
  • Charlotte, NC
Posted

Just curious....

I have been told by a mentor to build a cash buyers list of over 200, including realtors who have those investment buyers in their pocket. On the other hand, the local REIA maintains that I should get wholesale DEALS first, because with them the buyers will come out of the closet.

What say you?

How many buyers do you have on speed dial?

Most Popular Reply

User Stats

124
Posts
35
Votes
Tim FitzGerald
  • Investor
  • Irvine, CA
35
Votes |
124
Posts
Tim FitzGerald
  • Investor
  • Irvine, CA
Replied

Raphael, 

Recently there's been much debate about the legality of wholesaling. And the differences between "Wholesaling vs Contract Assignment. I AM NOT A LAWYER.  Much of the debate is are you representing buyers, or representing sellers. It seems decidedly safer to be a buyers rep. So a good list of buyers could prove very beneficial.  

The debate is heated, lengthy, and on going. Search here for "is wholesaling legal". There are smart people on both sides of the question. Citing case history from state after state. Neither side much able to convince the other. 

One thing is sure. Judges, DA's, lawyers like to "make law". Don't let them do it on your back. Be transparent. Although many in the legal system aren't. You should be. Fully disclose every intention. Again, those in the legal system, not so much. 

BUILD YOUR BUYERS LIST. 

No sweat, go crush it. 

Loading replies...