Just Getting Started! Looking For A Buyer!

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    Gregory |

    Posted 1 Month Ago

    1 Posts Total

    My wife and I are just getting started, we found a good deal in Fayetteville, NC.
    We went in to the deal looking to Rehab this property but our lender has said that this one is too small for them. So we are trying to Wholesale the deal. Where do we find a buyer or a better asset based lender.

    Any Tips?

    Thanks

    Greg T

    Gregory Tucker

    Choice Prime Properties LLC

    910-378-0001

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    Corina |

    Posted 1 Month Ago

    1 Posts Total

    The best option to find buyers is networking locally at REAIs or through websites and FB groups (A lot of good groups exist!). If you aren't licensed be sure you know your state's laws regarding wholesaling. You don't want be caught breaking the statutes and face the fines from that.

    If you are feeling you might make wholesaling one of your strategies build your buyer's group before bringing another property under contract.

    Good luck!

    Corina Eufinger (CEO)

    Brio Properties

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    Robert Lawry II |

    Posted 1 Month Ago

    33 Posts Total

    Hi Gregory,
    We have a resource section here on RealEstateInvesting.com for asset based lenders. Here is the link to the main index and then you can look up your state from there…

    Hard Money Lenders

    For building your buyers list, if the property is small and in a lower income area, try getting a list of Section 8 HUD landlords who have property available for rent through HUD. You can get the list from the local Section 8 office.

    Networking is key.

    Robert Lawry II, CEO & Editor

    Rei Media, LLC

    Lic # CBC1254563

    (904)993-2692

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