How do I find wholesalers?
This is a key question many real estate investors ask…and it’s a great question to ask! A key part of the BRRRR method (buy, renovate, rent, refinance, repeat) includes finding and buying under market properties. Although there are many ways to go about buying under market properties, one of the best is via wholesalers.
Who are wholesalers?
Simply put, they’re companies whose sole focus is finding undervalued properties, negotiating the sale, and offering them to real estate investors like yourself. Most of the houses that wholesalers find do not have the margins for traditional fix and flips. However, they work great for rental investments.
Wholesalers have two basic rules of thumb when selling their properties. The buyer must:
- Purchase it as is.
- Purchase it quick.
They will not wait around for appraisals, inspections, and loan approvals. If you want one of their properties, you have to be able to close fast. (Check out our Quick to Buy, Quick to Refi Strategy to learn how you can close your deals fast.)
Where do I find wholesalers?
One of the biggest hiccups investors experience when it comes to wholesalers is finding them. So, we’ve listed out 4 simple methods to try out:
- Search Google for “wholesale properties” or “buy my house.” Most wholesalers are advertising to buy properties AND sell them quickly to investors.
- Search Google for “investor carrot” in your local area. This is the #1 website template for wholesalers.
- Check in with “Ugly Homes.” They buy and sell a lot.
- Call your local realtor office and ask who is working with investors.
Buying under market properties is key to capturing free equity and multiplying your cash flow. So, what are you waiting for? Learn more about rental investments and how to get the most bang for your buck by contacting us or downloading one of our free investor tools!