If you’re interested in wholesale real estate, you’re probably wondering, “How do real estate wholesalers find deals?” Understanding this process can open the door to exciting investment opportunities. In this article, we’ll explain the strategies wholesalers use to discover properties and how Big and Small Properties (BSP) make finding wholesale homes even easier.
Let’s explore how you can find your next investment property.
What Is Real Estate Wholesaling?
Before we dive into finding deals, let’s clarify what real estate wholesaling is. It’s a strategy where a wholesaler secures a property under contract and then assigns or sells that contract to an investor for a profit. The key is to find properties that are off-market or distressed—homes that sellers are motivated to sell quickly.
So, how do wholesalers discover these hidden opportunities? Let’s break it down.
1. Networking with Homeowners and Investors
Wholesalers often start by building relationships with homeowners who may want to sell. These could be people dealing with financial difficulties, life changes, or properties in need of repair.
Investors and real estate agents can also be valuable sources of leads. By staying connected to local real estate professionals, wholesalers hear about potential deals before they hit the open market.
Related Readings: Should you invest in rental properties?
2. Driving for Dollars
One classic strategy is called Driving for Dollars. This means driving around neighborhoods looking for properties that appear vacant, run-down, or in need of repairs.
Once they spot a property, wholesalers track down the owner and see if they’re interested in selling. It’s a time-intensive approach, but it works.
Quick Tip: Check out our guide on Navigating the Foreclosure Process for more insights on finding distressed properties.
3. Searching Public Records
Public records are a goldmine for wholesalers. These records can reveal properties that are:
- In foreclosure
- In probate
- Behind on taxes
Wholesalers use this information to contact property owners directly and make an offer.
4. Online Marketing
Wholesalers often use online ads and social media to find motivated sellers. They create ads on platforms like Facebook and Google, targeting homeowners who might be looking for a quick sale.
They also leverage real estate investment forums and local community groups to network and find leads.
Related Reading: Wholesaling Real Estate: A Beginner’s Guide
5. Attending Auctions and Real Estate Events
Foreclosure auctions and real estate meetups are excellent places to find deals.
Wholesalers attend these events to connect with homeowners and investors, keeping an eye out for properties that fit their criteria.
Tip: Learn more about Foreclosure Auctions & Investor Strategies on our website.
How BSP Makes Finding Wholesale Deals Easier
At Big and Small Properties (BSP), we understand that finding great wholesale deals can be time-consuming. That’s why we offer a curated list of available wholesale properties ready for investors.
Instead of spending hours driving for dollars or combing through public records, you can simply browse our off-market listings and find deals that fit your investment goals.
We make it easy for you to find wholesale deals without the hassle.
Contact BSP today to see our available properties and start your investing journey.
Final Thoughts
Finding wholesale real estate deals is a mix of networking, research, and persistence.
Whether you’re driving through neighborhoods, searching public records, or building relationships with homeowners, there are plenty of ways to uncover great opportunities.
But why not make it easier? Big and Small Properties has done the work for you. Our wholesale listings are available for investors who want off-market deals without the stress of finding them.
Ready to take the next step? Contact BSP and start building your real estate portfolio today.
Happy Investing!
