Wholesaling Newbie/Identifying Cash Buyers

[Lisa Parker]

Okay, I feel at this point I’m on information overload with nowhere to go. I want to start wholesaling to raise capital so that I can finance my first rehab property. Financing is impossible to get and I have no personal investor contacts, so my next option is to enter the wholesaling world because it takes no to very little cash up front to wholessle properties. I was also taught that you should wholesale with the integrity/the ability to purchase a property in case you can’t find a cash buyer. Of course, I don’t have the money to buy a property either. I feel like I’m stuck, no personal financing options, don’t know any investors, and can’t secure a hard money loan until I have at least one successful property under my belt. A random investor wouldn’t trust me off the bat bc I have no experience. I would love to start wholesaling but I don’t have a list of cash buyers ready to take on a property, so heading out there with no investors, no money, and no ability to purchase a property myself would be financial suicide I think. Will someone please share any strategies and pissibilities that I may be overlooking. Any and all feedback is greatly appreciated!