All Forum Posts by: Langston Grant

 Thank you for replying. I’ve sent you a DM. 

Hello All,

I've been a wholesaler for almost a year now. Previously I was doing single family and some smaller multifamily purchases. Now I have pivoted into doing larger deals such as 20+ property portfolios, large apartment and multipurpose buildings in downtown areas, and also land acquisition deals in the state of Florida. 

I've recently gained an opportunity to wholesale 159 lots in SW Florida, part of a new subdivision being built. All of the lots are ready to be built today. FEMA and EPA cleared, public water and sewer connected, and roads and Stormwater systems installed.

Although I'm new, this seems like a very solid deal to me. It might just be the scope of my new network, but I'm having trouble finding a buyer for this purchase. 

I've reached out to bigger home builders like Lennar and D.R. Horton in the area and they have slowed down their acquisitions in the area. I have had a couple of people look at the deal and I never hear back. I have full documentation, pictures, and reports for all of the 159 lots for sale. I'm not sure why I can't find a buyer. 

Looking for help to find the right people for this, or if you are/represent a bulk home builder in the area who does purchases like this. I would love some help. The price for this is $5M. It might be a tad bit high, however according to my numbers and some other connections I have, the profit on this deal for the home builder would be north of $25M. Looking for some help, a point in the right direction, or just the right buyer. Thanks a lot in advance for any help anyone can lend. 

Thank you. Financing is an option. They don’t necessarily need cash. But it would be easier. Also, I need to do more homework on the creative finance route. Still not understanding how it works and how I would get paid. 

Hello, my name is Langston. I started wholesaling in May of 2022 and this is my first BiggerPockets post asking for pointers. 
I have an amazing opportunity to make a good chunk of change on a 20 property bulk sale in a certain city.
The seller is asking for $8.9M. I’ve run numbers and they come in for me at around $7.3M.
Either way I’m confident I can find common ground on the price, however, my question is: where the heck can I find someone/some entity with enough capitol for a $7-8M all cash real estate deal? I’m sure it’s possible.
I got a tip that I should call around and find a CCIM guy or gal who’s in contact with investors like that. I have spoken to a couple of them who say they know investors who invest in the same area that these properties are located. So I am excited. However, I don’t want to put all of my hopes in one basket with these two CCIMs and their contacts.
I am asking for any solid advice on how to find a cash buyer for this type of deal. Should I get in contact with representatives of Hedge Funds or Commercial Banks perhaps? And how should I go about doing that? Anything helps. I appreciate you all in advance. Thank you!