Drop me in a new area and tell me to find a good real estate deal in about 3 hours. Here is what I would do.
Unlike all the big experts who will tell you to do a bunch of marketing and make a bunch of offers on houses, if I wanted to find a deal fast the first thing I would do is find the local real estate wholesaler.
Not just any wholesaler, because there will probably be quite a few if you are investing in a large market. What I would look for is the Big dog wholesaler. The one who is selling more properties than anyone else. Look for the wholesalers who are buying and selling five to ten properties a month. They will be true real estate wholesalers.
A true wholesaler marks up a deal a few thousand dollars and goes to the next deal. Unlike many courses and real estate gurus who talk of making 10, 20 or even 50k on a deal. They are not true wholesalers. They are flippers.
Flippers make home runs. They find a property and mark it up quite a lot and make a kill on one deal. These guys do one or two deals a month.
The true wholesalers will only make a little on each deal and therefore will have buyers constantly buying from them because they know they are getting the best deals.
In my opinion, devoting a lot of time and money to learn how to find real estate deals is a waste of time. I am one of the big dog wholesalers in my area and, after thinking about how I do business, I realized that before I became a wholesaler I spent a lot of time and money learning how to find deals. It does pay off if you want to be a wholesaler; but if you are just trying to flip a deal or build a rental portfolio it really does not make sense. You simply will not be able to find better deals than me.
If you want to find great deals super fast then use the local wholesaler. It is like having a buyer on your staff that is doing all the legwork for you. The time and money that is saved by using their expertise is more than worth the mark up you will pay.
Where do you go when you want to buy something nowadays? Wal-Mart, Target, all of these stores are actually large wholesalers. They buy in bulk and then pass the savings on to the consumer. That is what the local wholesaler does in your real estate investing. - 15224
Unlike all the big experts who will tell you to do a bunch of marketing and make a bunch of offers on houses, if I wanted to find a deal fast the first thing I would do is find the local real estate wholesaler.
Not just any wholesaler, because there will probably be quite a few if you are investing in a large market. What I would look for is the Big dog wholesaler. The one who is selling more properties than anyone else. Look for the wholesalers who are buying and selling five to ten properties a month. They will be true real estate wholesalers.
A true wholesaler marks up a deal a few thousand dollars and goes to the next deal. Unlike many courses and real estate gurus who talk of making 10, 20 or even 50k on a deal. They are not true wholesalers. They are flippers.
Flippers make home runs. They find a property and mark it up quite a lot and make a kill on one deal. These guys do one or two deals a month.
The true wholesalers will only make a little on each deal and therefore will have buyers constantly buying from them because they know they are getting the best deals.
In my opinion, devoting a lot of time and money to learn how to find real estate deals is a waste of time. I am one of the big dog wholesalers in my area and, after thinking about how I do business, I realized that before I became a wholesaler I spent a lot of time and money learning how to find deals. It does pay off if you want to be a wholesaler; but if you are just trying to flip a deal or build a rental portfolio it really does not make sense. You simply will not be able to find better deals than me.
If you want to find great deals super fast then use the local wholesaler. It is like having a buyer on your staff that is doing all the legwork for you. The time and money that is saved by using their expertise is more than worth the mark up you will pay.
Where do you go when you want to buy something nowadays? Wal-Mart, Target, all of these stores are actually large wholesalers. They buy in bulk and then pass the savings on to the consumer. That is what the local wholesaler does in your real estate investing. - 15224
About the Author:
About the author: Jesse Davis is an expert wholesaler in the Jackson, Mississippi, Real Estate market. He has wholesaled over 80 properties this year alone, and he teaches a seminar on how to really be successful in today's market. Click here to learn how to find all the buyers you will ever need to build a massive monthly income in Real Estate today
