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Updated over 3 years ago on . Most recent reply
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Worried about Finding Cash Buyers
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
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- Flipper/Rehabber
- Wilton, CT
- 4,037
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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
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