Wholesalers: We’re The Cash Buyer You’re Looking For
Southern Maryland Home Buyers, Inc. is Southern Maryland’s largest cash buyer. We buy and rehab, buy and hold mostly residential and flip land. We have dabbled in changing use to commercial on some properties as well. In the past 14 years we have done over 250 houses. Bottom line: we are qualified cash buyers who will be able to take down your deal if it is in fact legitimately a deal.
We Want YOU To Be Successful
We are interested in helping you grow as a wholesaler. We protect your fee and we don’t care how much you earn on the transaction as long as we are buying it for a price that makes sense to us. More power to you if you can make a $50k-$100k+ wholesale fee. We will never negotiate your fee on an assignment. If the deal makes sense to us, we will move forward. If it doesn’t, we’ll let you know at what price it would, and you can go back and try to negotiate with the seller. If it’s your first deal, we’ll even help you with paperwork, coach you through the process and ensure your success. Why? So that you’ll go back out there and find us more deals!
The Problem
Most beginning or newer wholesalers make two big mistakes. Specifically, they:
- Overestimate ARV
- Underestimate Repairs
So please double check your numbers before submitting deals to us. To be fair, we look at a lot of deals every day and we will ignore those that dismiss this criteria. You must be using valid RECENT, SOLD comps and repair estimates for us to review your deal.
Warm Leads vs. Cold Leads
- A warm lead is a property that you have UNDER CONTRACT.
- A cold lead is “Hey, yesterday I saw this property at 123 Main St, and it looks vacant…what would you pay for it?”
We are interested in WARM LEADS only at this time.
Listed Properties
If it is listed and not under contract, we’ve already seen it, so there’s no need bringing already listed properties to our attention, UNLESS you have it under contract for the right price*.
Let’s Cut To The Chase
So make us your first call at (240) 523-3730 with your leads and we will tell you if we’re interested within 5 minutes. We promise not to waste your time.
If we’re not interested, it’s likely we know someone who is, as we also run the Southern Maryland Real Estate Investors’s Group (SOMDREIG), an organization with almost 1,400 Real-Estate-Investing-Interested members.
Our Criteria
PLEASE DON’T TRY TO FIGURE OUT WHAT WE’D BUY…WE WANT TO LOOK AT ANYTHING YOU HAVE! With that said, we are very interested in anything in Charles, Calvert & St. Mary’s counties in any price range as long as it fits the 70% formula or less. Lots, land, commercial property also. Again, we’re an all cash buyer. We can close in 7-14 days if all the paperwork is straight and title is clear. We use Southern Maryland Title most of the time.
“But, I Heard You Can’t Buy at 70% ARV Anymore”
They will tell you that, but they are wrong. It’s happening in their markets and markets across the country every single day. If you’re persistent, you will find deals. Don’t listen to naysayers.
Still Questions?
Call us at (240) 523-3730.
*ARV x .70 – Repairs = Our Buy Price