All Forum Posts by: Dean Carter

@Bobby Swingler,

There are countless ways to find leads, and they all have their strengths and weaknesses.  They all take time and effort.  And often money.

I suggest focusing on what works for you.  Not so much what the best way is, but what the best way is for you.  Some people love to knock on doors.  (You won't find me doing this!)  Some love making calls.  Some prefer sending mail.  You can find leads everywhere.  The county, list sources, online databases, etc.  Again, focus on what works for you and dive in.  You'll be successful if you work hard on what works for you.  Then as you're working it, don't get distracted by shiny objects that make you completely change what you're doing.  But do pay attending, continue learning, and tweak if necessary.

@Dean Carter The issue is there’s tons of unethical & uneducated wholesalers in the market doing full 30 day or longer periods not to do due their diligence, but just to market the property for potential end buyers, then they just walk away the last minute before closing because they can’t find a buyer & don’t have 2 cents to their names to ever close, or get funding. They outbid all the legitimate wholesalers & investors offering too much and could never find a buyer at their prices. I receive 100’s of emails a month from wholesalers with overpriced deals. Especially the “virtual” wholesalers who have never been to the property, and base their numbers off Zillow’s inflated estimates.

I recently purchased a property from a homeowner who had went through multiple bad experiences.  One where wholesalers kept extending closing dates for over 90 days and still just walked away. The homeowners kept extending because the wholesalers convinced them they would be able to close in a few more weeks.  They almost lost the home over it. All because the wholesalers offered too much and couldn’t find a buyer. 

Yes, it’s getting out of control throughout the nation.  Way too many gurus teaching newbies unethical & shady tactics.  I get contacted multiple times a day by wholesalers with deals priced way too high because they offer whatever it takes to get it under contract with zero intent or ability to ever close, if they can’t “broker a deal”, they just walk away leaving homeowners in even worse position. Then you have all the daisy-chainers who don’t even have the property under contract.  It’s makes it harder for the rest of us legitimate investors to do deals. There are some well intended, and ethical wholesalers out there, but the bad ones are starting to far outweigh the good ones.