Hello BP world!
I've spent about a month pondering when to have enough information to jump into wholesale real estate!
I've listened to Matt Theriault's podcasts, which I believe are enormously helpful.
It was his podcasts that steered me to looking into wholesale real estate, as the no money down/connecting sellers with buyers, concept is attractive.
I currently own a contracting business, which as of late has lost its appeal.
I know the construction business well and have lived through a pletherea of learned experiences.
Not that I'm bored with construction, I'm wanting a seemingly more fluid cash flow business.
What I've learned, and frankly want BP's thoughts, is that I'm looking for distressed property or owners as potential sellers.
I want to connect those types of opportunities with buyers, who either don't have or want to take the time to find the properties I'm willing to do the work to find.
Based on my reading of BP's UBG, understanding what buyers want should be the first step, versus finding sellers and then buyers.
And, that a great resource could be county records of cash buyers and that that step would provide potential buyers.
Question:
- Has this approach worked for you?
- How palatable are the buyers when found through tax records?
- What tool best provides communication to these buyers?
Thanks in advance for your help.