All Forum Posts by: Juss Kitaa

I'm a boring buy and hold investor and I've always bought on-market homes. I'd like to start looking at deals from wholesalers and doing some light-BRRRRs. No interest in finding my own leads for off-market houses, so I'd rather pay a finder's fee to a wholesaler than going down that road.

I'm looking for advice on finding credible wholesalers to work with. I've reached out to a couple I've found online but they were unprofessional and didn't inspire much confidence--and then they didn't have any deals. It's pretty weird to get a sales pitch from someone who doesn't even have something to sell.

There seems to be a lot of advice out there for people getting into wholesaling, but I can't really can't find much guidance for buying from wholesalers. But all these wholesalers must be selling to someone.

How do people connect with credible wholesalers? I assume most have a list of buyers that they market their houses to but I'm not really sure how to find my way onto the right lists. Seems like it shouldn't be that tough to get someone to take my money.

Any advice would be appreciated! And if you're a wholesaler in the Seattle area, feel free to reach out and connect.

I’m a wholesaler and would love to connect!!!

0 Votes

Seattle, Washington

Quote from @James Grant:

I have been trying to network as much as possible locally. Meetups locally are few. I have only found 1 that happens maybe every month. The 1 investor I have been able to sit down with is more of a "traditional"investor. And I showed him a deal from a wholesaler that i thought was a homerun. 3 doors total, 2 need light/medium rehab, 1 full rehab. For under 60k. Today was the last day the wholesaler was accepting offers. And closing is 2 weeks from tomorrow. The investor I talked with feels this is all way to fast.

So I am trying to learn or understand the actual process buying from a wholesaler. The wholesaler has been a bit vague on details. After speaking with him I am a bit discouraged along with not being able to find a private investor, since hard money won't loan to this low of a purchase price and traditional is a no go.

Hi James! I’m a wholesaler! Essentially when I assign my agreement to the end buyer that buyer would do due diligence to inspect the property. Once inspected and ready to move forward, the purchase agreement (seller+me) and assignment agreement (me+buyer) are both sent to a titling company who then handles the rest of the transaction.

As far as them being vague I’d assume that’s a terrible wholesaler and go find another deal with a wholesaler that you can communicate effectively with.

Im also curious as to why you need a private investor? Are you a wholesaler? If the deal makes sense the buyers typically buy it immediately. I’d market my deals everywhere. What may not be the buyer for one may be for some others.

1 Vote

Shreveport, Louisiana

Quote from @Thomas Shepard:

Hey Juss. You already are amazing! You closed a wholesale deal PLUS a flip!! Keep doing what is working AND expand your sphere of influence while you cast your vision to potential partners. If you are looking for private funding or partners, you need to get into the right room with them and show them your hustle and they will want to be a part of what you're doing.

Hey Thomas, Thank you so much for the feedback! I will definitely do that!!!!

0 Votes

Indianapolis, Indiana

Id say either do it new contruction yourself or make sure those numbers are good at the price you are purchasing at. As a wholesaler i'd say go older due to the material that's in the homes vs the new homes. Not saying the new construction is bad, but you get to add your own value and force equity in the home. maybe use a loan *(that offers owner occupancy) and get funding for it and then rent it out when you need too.

0 Votes

if you want to fix and flip with a hard money loan to get some cash in 6 months or sooner if you have experience in real estate. or buy and hold to get some cash flow

0 Votes

Miami, Florida

id recommend looking on zillow and compare for sale vs the solds to get an idea of good markets. investors do their own due diligence only because what someone is buying may not work for you.

Realtors you need to vet them, make sure they understand the market and if they have the ability to sell, how many houses have they sold, do they have things to help you out??

PM look for recommendations in groups on facebook (after you pick the market of course lol) to see what fellow investors think, id also call and ask them about what they offer

GC look for recommendations , and vet them. see what projects theyve done in the past and most importantly what they have now they are working on? how quick can it get done. offer incentives for completing before due dates etc.

lenders find some on here on use PRIVATE LENDER LINK and filter to your needs

Im also a wholesaler and I can help get you a discounted property..

0 Votes

Its really easy however you need to have a boots on the ground pay somebody on facebook that can be your eyes and pay them a few bucks. that would include taking pictures,videos,putting on lockbox, getting quotes from reliable contractor etc. But get a purchase agreement some free on google or eforms, is what i use, fill it out and send it to a titling company. thats it! please make sure you vet everyone especially if you are fixing it up. I also saw someone say do title yourself dont do that. i highly recommend you go to a titling company

0 Votes

Quote from @River Sava:

Hi Kita,

I would love to connect with you and help you out on the investing side of things to be a resource (and a friend)!

Send me a dm and let's chat

thats amazing, id love that..

0 Votes

Indianapolis, Indiana

Quote from @Taylor L.:

Start with your immediate sphere of influence and people you already have a relationship with. Who are you wholesaling properties to? Why not have a coffee or meeting with them and talk about their business model and funding sources? Maybe find out if they'd be open to partnering.

Hey Taylor thanks for your response! I have communicated with my buyers, some are are not interested in new construction idea which is odd lol, maybe im not explaining correctly or to much risk ? I will reach out again a propose another idea to see if they will be interesting in partnering.

0 Votes

Indianapolis, Indiana

Quote from @Ryan Stuckey:

Glad to hear your first one went well with Longhorn!

We do like to help first-timers get going - 100% financing on purchase can make all the difference.

yes sir it did. will go through you'll again

0 Votes

All Forum Posts by: Juss Kitaa

Juss Kitaa has started 3 posts and replied 14 times.

Post: Buying from wholesalers

Post: Steps buying from a wholesaler.

Post: Finding More Capital Partners For Newbies?

Post: New Construction as first investment?

Post: making decisions help me choose

Post: Looking for Core 4 for BRRRR - Detroit, Vegas, AZ, MI, IN

Post: How to buy an out-of-state investment property without a realtor?

Post: Wholesaler turned Investor

Post: Finding More Capital Partners For Newbies?

Post: First Fix & Flip