Newbie California wholesaler going to wholesale in another state - need help!

What state or states are you thinking about wholesaling in,welcome to the DG family

Matt B

Welcome on board. What states are you looking at?

To get a list of buyers, what was suggested at a recent DG Seminar was to talk to local business owners who are active in the community about what kinds of investment opportunities they have been successful with in the past.

Ask them how much they have invested, what kinds of instruments they have used, what kind of return on investment, and basically what do they like to invest in.

Having a good relationship with one business owner opens doors to many conversations.

Good luck.

I haven't really decided yet. I guess no matter which state I choose, I still have the same question. How can I build my buyers list quickly?

I'm confused!!

I'm wondering if they will be open to giving me this information when I live in California. It's definitely worth a try!! Thank you so much for the suggestion

Im working in Sacramento & think it maybe easyer to work near home. I know Stackton & Vallejo are pretty good areas with good deals...

But 1 things that cud work is:
If u post a ad on Craiglist.com in what ever state you want to wholesale in. Ad that says "Looking For Realtor To Work With / Need Realtor Wanting To Make Lots Of Money In Our So Called Down Market". There is a out-line on what to say in DG's book "Profit From RE Right Now". Any who, hook up with a solid realtor and have them pull cash buyers from the last 90 days in a certain area code or two. Then send letters to cash buyer telling them you find great deals. You could goto county website/call to find out home info from the cash list from realtor. That how you find cash buyers address(send letter). This is one easy way that may only take a couple weeks to have solid list of cash buyers out of state...

Keep pushing & Stay Focused...

Im working in Sacramento & think it maybe easyer to work near home. I know Stackton & Vallejo are pretty good areas with good deals...

But 1 things that cud work is:
If u post a ad on Craiglist.com in what ever state you want to wholesale in. Ad that says "Looking For Realtor To Work With / Need Realtor Wanting To Make Lots Of Money In Our So Called Down Market". There is a out-line on what to say in DG's book "Profit From RE Right Now". Any who, hook up with a solid realtor and have them pull cash buyers from the last 90 days in a certain area code or two. Then send letters to cash buyer telling them you find great deals. You could goto county website/call to find out home info from the cash list from realtor. That how you find cash buyers address(send letters). This is one easy way that may only take a couple weeks to have solid list of cash buyers out of state...

Keep pushing & Stay Focused...

Okay I was able to communicate with several realtors but nobody seems to know what I am talking about when it comes to the cash buyers list. They all say the same thing, they don't have access to it and have no ability to get it. I refer them to the MLS helpline or the MLS technical support and they come back with the same response. I got that response here in Caifornia as well as a few other states. Is there some other way to ask them for this list?

Thanks and I hope all goes well with you in Cali!!

This was posted on another thread by Coach Matt Walton. I think it is priceless!

"Cash Buyers List From Real Estate Agents

Quote from original post on this listing. "One thing I need help with is finding out how to find the addresses of people who have bought properties with cash in the last 90 days. I live in Michigan. The book says to contact real estate agents and get the names and/or property addresses that were purchased and then find the tax records using that information. That would work great, except the agents I contacted have not sent me that information yet. I don't actually think they know how to find it."

Many people ask this same question. "How do I get an agent to get this information for me in a timely manor?" I have done this with real estate agents all over the country and it works every time. As you are talking with your agent about properties and as you are developing a relationship with them, here is a way that you can get this information from them very easy.

If you just ask them to get you a list of cash buyers from the MLS, you will get a bunch of blank stares, or they will say "sure no problem" then you will find yourself waiting and waiting with no success and no list.......

Instead, ask them this way. Ask the following questions by making statements of fact to the agent.

1- "you know how when a property sells that is listed on the MLS there is a place where the agent has to check if the property was purchased using Financing, or Cash? (the agent will say yes to this if they have ever closed a deal because they had to do this).

2- I then tell them "and you know how the MLS is one big database where you can search for information using a ton of different criteria right? (they will always respond yes to this one if they have ever closed a deal again)

3- I tell them "I need you to do something for me". "I need you to run a search using the main criteria,,,, Properties that sold using CASH as the way of financing and get me the addresses to the property. Doing this works every time.

I have found that in some areas like Ohio, once a property has been sold for at least 90 days, the name of the buyer is released to the MLS and they can give it to you because it is public record. In other states, you can still easily search county records for names of buyers if you enter the address of the property.

Using this strategy works great and it helps to teach the agent how to do the search for you without making them feel like you are talking down to them.

Happy investing.

Matt W."

Hope this will help.

Karen

Okay people, this is seriously why I love this site!

It's called "Ask and you shall receive" and it works every single time.

Thank you Karen for finding this for me.

I can definitely change the way I am asking and use this script to do it successfully!

This is great

Michelle

How do I assess needed repairs on properties that I may want to put an offer on if I am out of state?

Do I just rely on pictures that are sent to me from the realtor?

I have a friend/contractor that I would rely on for local properties.

Do I ask the realtor to get a contractor to do it and how do they get paid? I

don't have funds to make that happen at this point. Any advice will be helpful!

Thank you,

Michelle