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Updated about 9 years ago on . Most recent reply

User Stats

17
Posts
9
Votes
Ronnie Giery
  • Investor
  • South Bay Los Angeles, CA
9
Votes |
17
Posts

Finding Solid Investors in Los Angeles Area

Ronnie Giery
  • Investor
  • South Bay Los Angeles, CA
Posted

Hey All!

I am fairly new to the wholesaling market and am looking to grow my contact list of investors to wholesale to. I primarily work in the South Bay area of Los Angeles. With this post I am looking for investors or good tips on how to grow my contacts of investors. Any advice will help! Thanks, Ron

Most Popular Reply

User Stats

28
Posts
22
Votes
Jose Reyes
  • Full Time Rehabber
  • Covina, CA
22
Votes |
28
Posts
Jose Reyes
  • Full Time Rehabber
  • Covina, CA
Replied

Yes. Building an investor buyer list is easy. The hard part is finding out who is actually serious and who has money. 

In Los Angeles you have a ton of investors. But finding the real investor that makes the final buying decisions and actually has the money to pull the trigger is roughly 1/10...that's my guess. 

Your easiest source to find out who is legit is contacting some hard money lenders (good hard money lenders), they have bonafide investors that have actually closed deals. The other would be to contact listing agents of homes that are currently on the market that are flipped, or have recently closed. Everyone is looking for a deal. If you have one, finding an end buyer in LA is very easy. 

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