u/Able-Tutor-3758

Are these "millions of cash buyers" actually buying anything?

Am I the only one who thinks these massive cash-buyer databases are a little misleading? Platforms like InvestorLift and InvestorBase advertise access to millions of buyers, but how many of those people are actually looking to purchase properties right now? From what I've seen, a lot of these databases are built using historical transactions. Just because an LLC bought a house three years ago doesn't mean they're looking for another one today.

Wouldn't it be more valuable to have access to 100 investors who have actually signed up, verified their ability to purchase, and confirmed they're actively looking for deals rather than 100,000 potential buyers pulled from public records? Or does having a massive database simply win out? Genuinely curious what wholesalers think, especially anyone who's used these platforms.

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u/Able-Tutor-3758 — 4 days ago

I'm building a wholesale disposition marketplace, but I'm questioning whether wholesalers actually need one.

Hi everyone,

I'm currently building out a disposition platform for people who wholesale real estate. While researching this part of the industry, I came across InvestorLift, which seems to be one of the bigger players in the space. I looked through their software, and while it seems pretty solid, the UI felt a little clunky and the pricing was INSANE, especially for someone just getting started.

Something else I've noticed is that whenever I watch videos about wholesaling or talk to people who actually do it, I always ask what platform they use to find buyers. Surprisingly, nobody seems to point to one specific platform. More often than not, they just tell me they have a handful of investors they already know personally who buy their deals.

That got me thinking about newer wholesalers who don't already have those relationships. If you get a property under contract but don't have an established buyers list, what do you do? From what I've seen, people are posting in Facebook groups, reaching out to investors individually, building email lists, or paying for software like InvestorLift.

It just seems like a pretty fragmented process.

The idea I'm working on is a centralized marketplace where wholesalers can list their contracts and investors can find opportunities that fit their buying criteria. Investors would be able to create profiles specifying what they're looking for, and the platform would match them with relevant deals.

Obviously, InvestorLift and other companies already offer some of this functionality, so I'm not pretending it's a completely new idea. But I'm wondering if there's room for something that's simpler, more affordable, and accessible to people who aren't running large wholesale operations.

I also understand that experienced wholesalers might have no reason to use something like this if they already have reliable buyers. That's actually part of what I'm trying to figure out.

So I have a few questions for people who are actively wholesaling:

  • How are you currently finding buyers for your deals?
  • Have you tried InvestorLift or any other disposition software? If not, why?
  • What's the most frustrating part of getting a property under contract sold to an investor?
  • Have you ever tried listing your deals on a marketplace instead of selling directly to your buyers list? If so, how did that go?

I'm not trying to advertise anything or sell anyone a subscription. I'm genuinely interested in hearing from people who do this regularly.

Reddit is usually pretty good at being blunt, so be honest with me, y'all. Does this idea suck? Am I overlooking something obvious, or is there actually a market for something like this?

To the mods: Not promoting or linking anything here, just looking for feedback on an idea. Happy to make changes if needed!

reddit.com
u/Able-Tutor-3758 — 4 days ago