How to find wholesalers in an out of state market?

Question

I am looking to connect with out of state wholesalers and have yet to deploy a strategy that has been efficient. I have posted on BP, joined multiple Facebook groups, and reached out to local agents in the markets my company wants to invest in. We look primarily in the Charlotte surrounding areas and Birmingham areas. Does anyone know of any useful tips or strategies to make connections with wholesalers/agents that could provide distressed properties so I can create a pipeline for my business? Thank you for reading, I look forward to hearing everyone's responses!

Will Barnard · Answer

Then put a marketing budget together and start marketing for off market deals to distressed or absentee owners. Granted they likely get a ton of these from other investors but it is a numbers game. Having a website with a we buy houses landing page and SEO the heck out of it will be yet another option as is driving for dollars.

Will Barnard · Answer

Not sure why you are looking for wholesalers or what your primary strategy is, but contacting agents should be easy and then tell them your criteria. Having a search done for who the top selling agents are in the areas of your choosing is easy to get. Doing direct mail, SEO your website and a handful of other resources can get you deals.

Wholesalers (or those who claim to be) are a dime a dozen, it took several years to get my inbox from receiving so many of them. They are not hard to find, finding a good one is an entirely different story. Reach out to Jerry Puckett here on BP, he is a wholesaler worth his salt!

Account Closed · Answer

I was a wholesaler in the past and while I was doing that,  I was able to connect with good and crappy wholesalers along my journey. Let me know if your still interested I can try to get in contact with some in your area.

Randall E Collins · Answer

My question as well, what is NWA and HVA? Never heard of either. My experience with My House Deals is that when I attempt to contact the seller, I never receive a reply, likely the property has already sold. One of the best for locating properties at a reasonable price is here on BP, under the "Find Deals" option. If wholesalers are presenting you with offers that they have not performed " due diligence" on. That's likely a good thing. Because one can not trust the numbers they provide as being accurate. As a wholesaler myself, I believe it's the buyers responsibility to preform all due diligence on any type of investment. The only numbers I provide is the sellers asking price. The end buyer should pick up from there. It's similar to a stock broker, they can't be trusted either. So why would one invest a large sum of funds into a investment they know little about. The only person a investor can trust is them self. Sometimes one cannot even trust them self. That's why investing is a risky business. If you're looking for wholesales, try posting on Connected Investors.com, it's a decent site for networking although I don't like the CEO.

Kerry Noble Jr · Answer

No Sir I dont do any deals in NC

James H Webb III · Answer

@Kerry Noble Jr do you don’t any investing in the NC market?

Kerry Noble Jr · Answer

Always check Craigslist.........

im open to connecting.....im in Central indiana

James H Webb III · Answer

@Mike Kennedy The goal is to acquire a property (single family residential) as a buy and hold to either use as a turn key investment, or put into our holding company. So we are buying rentals. The upside is we have unlimited access to funds for rehabs. The difficult part is our buying criteria has to be no more than 78% of the ARV (This includes purchase plus rehab) and also needs to be within spitting distance of the 1% rule. Also....what is "NWA" and "HVA"

Mike Kennedy · Answer

What is the goal of your company, to find flips, rentals, multifamily?  Seems like these days if a deal is on Facebook, Craigslist, My House Deals that it's probably too late.  These groups are saturated and most wholesalers are squeezing every cent possible out of a deal. If your strategy is picking up rentals then maybe not. There are bigger wholesale companies like NWA (not in AL) that provide a larger number of deals as well. Working with a HVA franchise might provide an opportunity for deal flow if they can't handle the amount of leads/deal flow. Hope this helps in anyway

James H Webb III · Answer

@Will Barnard I have found out about the quality of wholesalers very quickly. Seems the majority lock up properties without doing any type of serious due diligence. I am working for a company doing acquisitions and I am having trouble creating a funnel for leads to come through. Skimming through prop stream and the MLS for hours on end has been pretty fruitless. I am definitely a small fish in a big pond, however I am determined to make this work. Just needing guidance.

How to find wholesalers in an out of state market?

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