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Updated over 7 years ago on . Most recent reply
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How do you go from Acquisition to Sale?
A am new to wholesaling and am still in the research phase before I step foot out into my neighborhood. There is one big question that remains on my mind as I scour BP for advice and information on wholesaling.
Without a history of end-buyers - how does one safely transition from finding a property and securing a contract to finding an end -buyer?
A bigger question I suppose is: What kind of timeframe does one have between securing a property and connecting it to an end-buyer?
Being new, I do not have any relationships with buyers yet and I do not want to go scouting for properties without someone to potentially buy it. Is it backward to seek the buyers first?
Most Popular Reply
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@Brendan Bruno - It's not backward, it's just another way of doing things. You can seek buyers simultaneously to finding deals to give you the comfort you want before securing a property.
I would spend time doing both at the same time since you're just starting out. It's much easier to find buyers than deals in most areas, but doing them together will help you move your deals more quickly.
Timeframe is based on your contract and negotiations with seller. Consider a month about average from contract to sale. This will include your time to market to potential buyers and get them to close.
Find potential buyers at REIA meetings, by "we buy signs" around area, using google search for we buy houses in your area, and by putting out signs yourself.