I am a newbie wholesaler in NY. I get fantastic deal and I have buyers approach me all the time. THEY DONT BUY. My products are price very well but either the buyers are bottom feeders and offer to pay LESS than what I pay or they are FIrst time homebuyers who will pay but there is the issue with 203k loan.
I am severing ties with all buyers and starting new. My general rule is 10 percent down and proof of funds. 10 percent or 15k is earnst money deposit so that I dont waste time.
I read so many articles and books on wholesaling and followed all the rules.
Posted in craigslist, loopnet, small newspapers, etc. Everybody wants a deal but they do not sign the contract.
WHERE ARE THE REAL BUYERS? Landlords, cash buyers, I have deals but need the contacts.