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 3 years ago on . Most recent reply

User Stats

11
Posts
8
Votes
Shawn Questa
8
Votes |
11
Posts

Worried about Finding Cash Buyers

Shawn Questa
Posted

I really like everything about Wholesaling, but I am most worried about finding Cash Buyers.

Whether it be before or after finding a Deal, as I hear about both Strategies.

Worrying about finding a Buyer is making it harder to focus on finding and locking in good Deals.

I am trying to forge ahead and see this process through and pickup momentum.

I really don't want to lock up a Deal and then back out just because I can't find a Buyer.

Any Advice and Experience would be greatly appreciated.

Thanks.

Most Popular Reply

User Stats

4,752
Posts
4,037
Votes
Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,037
Votes |
4,752
Posts
Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied

There is no such thing as finding buyers first, or finding a discounted contract first.

You do both. This is simply part of the strategy of wholesaling.

When you do both at the same time, your question becomes irrelevant. Like the dude above me up there siad... the point is to ONLY sign a contract when it is an obvious good deal. No cash buyer will say no to making a profit. They WILL buy the contract.

Lastly...

If your concern is "Not wanting to lock up a contract without having a buyer"... you are absolutely doing wholesaling wrong.

You NEED to tell the seller that you have no interest in buying the property. Tell them you will wholesale it. We get a ton of contracts signed BECAUSE I tell them that.

Honesty and transparency is not just a must in the space of wholesaling, it is THE reason why we close deals.

  • Jerryll Noorden
business profile image
SEO For Real Estate Investors
5.0 stars
1 Review

Loading replies...