Local investor makes money but would not know how to find deals
Yes, in my area there are several investors that make a lot of money and if you asked them what their secret is to finding all their deals they will surprise you by saying they don’t know how to find the deals.
What these investors will tell you is they are not looking themselves, they let the local wholesaler find the deals. There are several investors around who buy from me, a wholesaler, over and over again. Sometimes I feel like I am missing out when I hear about how much money they are making on the homes that I sell them; but that is just the way it is.
These successful investors figured out that I was not good at selling properties to home owners, and they realized that I had no desire to make a huge profit on a deal. I just wanted to make a few thousand on a deal and do that many times every month.
Most of these investors knew that in order for me to make a living, I had to move properties fast. Unlike them, my full time job is buying and selling houses. They already have other jobs, so they did not have the time to find the deals that I brought to them.
In short, if you want to make a lot of money in real estate yet you don’t have the time to find the deals, buy from the guy who is selling 5-10 properties a month and doing volume business. If you don’t, you will soon find out that the most you will save is a few thousand bucks, and the time it will take you to do so will not be worth it.
