Quote from @Quinton Sines:
Quote from @Ali Radoncic:
Quote from @Quinton Sines:
So I've talked to some people about building a wholesale business and they say network with real estate agents and investors. I would like to talk to real estate investors and see if I can build a list that way. Is that a possibility? Am I missing something?
Getting the deal under contract at a favorable price for all parties is the biggest challenge.
If you are able to obtain that, the buyer is much easier to find. Do you have any properties under contract in the DFW area ?
I don't have any deals under contract. From the research I've done, it told me I need to get a list of buyers first before I get anything under contract. Would you suggest I find deals first?
It can be argued either way but "building a list" is useless without properties to offer.
One might say, "who will I sell the house to if I have no buyers?"
Answer - There are a multitude of platforms (BP included) that has active cash buyers looking for deals every day all day. If your deal makes sense on paper, you will have more people reach out to you then you will be able to handle.
Your job then will be to vet them. Who are the real buyers?
As you begin to close deals, you will then start to really build your real buyers list.
In real estate, when somebody doesn't have experience, bringing the "deal" is your most powerful weapon. (Not easy to do without experience I know) but that's where education comes into play.
Finding motivated sellers, being able to communicate effectively, problem solving, understanding of market values, and an understanding of rehab cost. (there's more but for sake of time)
