Description

There are some definite benefits of working with a hedge fund as a wholesaler, but I don’t want you to be unprepared. You need to understand how they operate before you start working with them so that you can be prepared with a foundation that won’t get crushed under their requirements.

Some of the benefits of selling to hedge funds are:

• They pay more than local people.
• They’ll buy as many houses as you have.
• They’ve got loads of money to spend.

On the other hand, their strict criteria leave you with zero bending on what you can offer them. When they say they want houses that are 1600 square feet, that doesn’t mean 1580 square feet. Don’t even try to understand their criteria because they’re answering to investors.

I’m very big about controlling the situation as best as you can. But with the hedge funds, you lose power in the situation. I’ve gotten all the way to closing, with the papers signed and the sellers ready to go, and the hedge funds have backed out because they ran out of money. I want you to go in with your eyes wide open to some of these risks and be prepared with a better contract to protect yourself.

What's Inside:

• Don’t try to understand the criteria a hedge fund operates under; just focus on finding the kind of houses they want.
• Why you need to understand the funding cycle of a hedge fund.
• How to find and network with hedge funds who are buying in your market.