Finding Other Investors Who Have Deals
Probably the number one source you’re going to get deals from is other investors. Not only do other investors wholesale properties, but some have rental properties for sale and others may be willing to work with you on retailing a property.
There Is Money In It For Everyone
Don’t think you can only get the best deal if you find the properties yourself or that you would be missing out on part of the profit if another investor is making money on the deal. Sometimes, another investor will luck into a really good deal. So, if the numbers on the deal they are selling work for you, and it’s a property you want, buy it.
Remember, don’t think of other investors as being your competition. By working with other investors and letting them do the leg-work, you can do more deals and make more money.
Many investors in your area will have websites targeting home owners looking to sell. To find these investors, simply go online and search for certain phrases which also contain the name of the city you are in such as… Sell My House Fast Jacksonville, or We Buy Houses Jacksonville.
Another place to do a similar search is on LinkedIn. Here search for terms that would identify the person’s profession such as… Real Estate Investor Jacksonville, Wholesale Real Estate Jacksonville, Jacksonville Landlord, etc.
Section 8 Listings
This is my favorite way to locate other investors in my area. To find investors who already have properties and might be looking for more or to sell what they have, you can even go down to the local Housing Assistance office and get a list of available rentals under HUD. Most of the private landlords on these lists are investors looking to buy, sell, and rent out properties. Best of all, the lists come with the name and phone number of the landlord/investor.
Don’t forget about your local investor’s association as well. It is a great place to network with other investors and this is one of those places where having business cards can really come in handy.
Your Business Contacts
You can also find other investors by asking your business contacts. Many times, some of your business contacts will know who the “movers-and-shakers” are, and may be able to either point you in the direction of a property they know of, or at least in the direction of an investor or real estate agent who has deals on a regular basis.
Houses Being Rehabbed
When driving around looking at properties, you’ll want to keep an eye out for properties that are being rehabbed. If you see a property being worked on, stop to see if the owner is an investor.
Bandit Signs / I Buy Property Signs
And don’t forget to look for bandit signs posted on the side of the road by other investors saying they buy houses. Be sure to keep a note pad and pen handy in the car jotting these numbers down of other investors who are buying and flipping houses because many times they will wholesale properties also.