All Forum Posts by: Omar Mares

Hey Omar,

Don't worry about buyers if you are just starting out. Network with investors in your area and put all of your focus on the acquisitions side of the business.

Buyer's should be the less of your worries if you have a good deal, you could also partner with a wholesaler that has buyers already if you need to.

Learn how to estimate ARV and rehab!

Feel free to reach out with any questions.

hello David, thank you for reaching out. so I took a class from a wholesaler who gave me the contracts and a website that I could use he also gave me a list that I could follow step 1 was to find a title company then from there connect with investors and buyers to build a relationship with them after that I could find the arv of the home and motivate the seller then to motivate the buyer if all goes good with the seller

Omar,

Before wholesaling, you need to know what makes a property a good deal for an investor, regardless of the exit strategy. That's why it all starts on the acquisition side. You can begin by understanding how to run numbers for a fix and flip, so you can reverse engineer the process and come up with your offer.

good morning David, so that would be like finding the arv, the cost of how much a home would need to be built up again ?

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Tulsa, Oklahoma

Quote from @Jonathan Greene:

Quote from @Omar Mares:

Quote from @Jonathan Greene:

What do you mean, search for a buyer? Do you have properties locked up on wholesale now? What type of distribution list have you built? How many meetups have you gone to in the last year to meet other investors and see who is buying in your area?

You want to build up your acquisitions and buyers at the same time and you can only do that through marketing and building relationships.

I currently do not have any contracts for I am starting. I have teamed up with a title company that is willing to work with me since many don't deal with wholesalers. my next step is to build relationships with local buyers after I am able to build up a good relationship with many then I am able to start getting houses under contract but I would like to know more skills on the best way to build up my buyers list

Building a buyers list is a catch-22. No buyers are going to talk to you or get on your distribution list if you've never locked up a property, so you have to network and start getting properties under contract. Once you get them under contract, your repair costs and ARV need to be correct and your spread fair to have any chance getting a buyer to look.

so the best thing I can do is automatically jump into a project and from there I could hopefully find a buyer. I do know no matter what I will end up finding one, just from the class I took I was told to build a relationship first with one who was willing to work together whenever I have a house under contract

0 Votes

Tulsa, Oklahoma

Quote from @David Ramirez:

0 Votes

Tulsa, Oklahoma

Quote from @Jonathan Greene:

You want to build up your acquisitions and buyers at the same time and you can only do that through marketing and building relationships.

0 Votes

Tulsa, Oklahoma

hi, my name is Omar and I have recently been focused on my wholesaling journey one key thing that all real estate agents and everyone is the real estate business needs is a buyer. If anyone knows the best way I can search for a buyer that would be great I also have questions about if you are able to go some place exactly to find those buyers and sellers of homes off market.

1 Vote

Tulsa, Oklahoma

Hi my name is Omar and I am from Oklahoma, I have many questions about real estate and if anyone can help that would be great!

0 Votes

Tulsa, Oklahoma

All Forum Posts by: Omar Mares

Omar Mares has started 4 posts and replied 16 times.

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Post: Beginner for real estate