All Forum Posts by: David Bokman

You must be a licensed agent or broker in order to get access to Bright MLS. Try to link up with an investor-friendly agent in your area.

@Eugene Carelli Feel free to reach out I have a private lending partner that I can refer to you. I don't refer any GC's, best of luck with that part ;-)

David B

Best ways to find wholesalers are pretty easy, one way would be to google "we buy houses whichever city, or town" your looking for and I guarantee you will find a few people/companies. Other methods might include Craigslist, FB Groups, Local REI meet ups, there are plenty of ways some will require you leave the house and connect with people face to face.

Have a solid plan and be honest about yourself and your skill set. Wholesaling has nothing to do with real estate and EVERYTHING to do with sales and marketing. Not everyone has that skillset. so my advice is to educate yourself and be honest with yourself. The truth is wholesaling is NOT easy as everyone makes it out to be. 

Go to local RE meetups in the area. Go to local auctions. Do you have a digital link to join your buyers list? If so you should be marketing and promoting that link on all social media. If you don't than I would create one. That would be a good start.

I quit my job when I first got started and now 3 years later I have a very successful RE investing business, it's NO myth at all. BUT with that being said, my background which is in sales and marketing fit wholesaling very nice and so I was able to use my skill set in a way to start generating deals from day 1.  So my question to you is what are you doing to generate leads and close deals? Are you putting in the work thats needed? Are you educating your self daily? What are you doing for marketing? Be honest with yourself and ask yourself if your doing enough? Only YOU know the real answer.

Almost impossible to answer this question as Philadelphia is VERY large and consists of many different neighborhoods. Depending on the property and area rents can be anywhere from $700-1500 for section 8. You need to narrow it down to specific area's your looking to invest in. If your buying $30-70k houses well your rent most likely will be on the lower end, if your buying properties $70k+ you may get higher rents.

Just some friendly advice if you're trying to start wholesaling in Philly and don't know which area's to start than I would take about 10 steps back and start doing your research. Philadelphia is one of the hottest area's to invest if you know anything about the real estate market in the ENTIRE united states and has been for the last few years. It's also very large and contains many many pockets where investors invest. Wholesaling has more to do with sales and marketing and less about real estate if you don't know anything about the area I suggest you link up with some real estate people or start attending some local REI meetups and start networking and gaining your knowledge base.

You'll learn more from failing than taking zero steps at all. Wholesaling has nothing to do with real estate and everything to do with sales and marketing. That's how you find both sellers and buyers - through marketing. Just like with any other business, how would you attract new customers/clients? This is what all if not most newbie wholesalers don't realize. But to answer your question finding buyers is the easiest part, especially if you actually have a good "deal" to sell. If you do then they would come to you. How to find them - here are a few examples: go to your local REI meetups and hand out business cards. Post on your social media accounts, go into other Facebook groups and post, bigger pockets, craigslist etc etc etc....Always be Marketing and Networking!

When you say that you "know how to market" what do you mean by that? What experience do you have in sales in marketing?  If you had your own business regardless of what it was how would you market it?

Internet? Social media? Mail? Postcards/Business cards? newspaper? networking events? etc etc etc..........

There is no special or magical pill for marketing, its consistent effort compounded over time.  I tell people all the time wholesaling has more to do with sales and marketing than it has to do with real estate.