Building+Buyers+List+-+WS

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Building Buyers List - WS (by Bit [IN]) Sep 11, 2016 9:37 AM
       (by BillS [CO]) Sep 11, 2016 10:16 AM
       (by Bit [IN]) Sep 11, 2016 10:50 AM
       (by Rocking Bear [FL]) Sep 11, 2016 9:21 PM
       (by Ray-N-Pa [PA]) Sep 15, 2016 6:58 PM

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Building Buyers List - WS (by Bit [IN]) Sep 11, 2016 9:37 AM
Message:

I am beginning to work on finding deals that I can wholesale with the overall goal of building a bigger rental business.

I'm sure many of you have bought from a wholesaler and have wholesaled properties and was curious what advice you have on finding buyers.

I have been hesitant up to this point from worry about finding buyers but the more I learn the more comfortable I am with the process. I feel pretty good about the process overall now but still need to learn more about building a good list of buyers to send deals to.

From what I have been told you end up with a handful of good long term buyers that buy your deals.

I understand the basics, use the local REIA, REIA deal emailer, REIA meetings, and REIA forum page as well as some other online sites.

I read where someone mentioned going to auctions and giving your business cards to the people that were out bid on properties :)

I read something about using lists that you can buy to find people that own multiple rentals in the area and/or find people that pay cash for multiple properties.

What other ideas do you all have? --74.130.xxx.xxx




Building Buyers List - WS (by BillS [CO]) Sep 11, 2016 10:16 AM
Message:

Network with local RE agents. RE Agents have the cash buyers that pay the highest prices. In reality, it's a myth that a handful of good long term buyers is the way to wholesaling success. Long term buyers will only buy the best deals. You need people to buy the marginal deals in order to be successful. You need to continue to find buyers and find buyers paying top dollar for your wholesale deals. Working for a few seasoned investors as a wholesaler is no more than a job of a different flavor. You want to be independent and find buyers for the not so hot deals and increase your spread on the good deals. Again, you want buyers paying top dollar for your wholesale deals. You want to keep the great deals. --73.34.xxx.xx




Building Buyers List - WS (by Bit [IN]) Sep 11, 2016 10:50 AM
Message:

Very interesting Bill that is good to know. I actually like the idea of having many buyers rather than a few regulars for reasons like you mentioned. I don't want to be the company that loses a big customer and cuts their income in half.

Can you expound on using RE agents to find buyers? At first glance it seems like they would look at you as competition. I know several in the area that are investor friendly. How do you work compensation for them? --166.137.xxx.xxx




Building Buyers List - WS (by Rocking Bear [FL]) Sep 11, 2016 9:21 PM
Message:

Check public records, advertise out of state/country, 12% ROI to some is nothing but is big to those only getting 7 or 8 in their local.

--71.1.xx.xxx




Building Buyers List - WS (by Ray-N-Pa [PA]) Sep 15, 2016 6:58 PM
Message:

At your LOCAL real estate association, ask the president to point out 3 people who buy homes with cash.....those are your buyers. Approach each of those three, introduce yourself.....let them know that you occasionally have a deal in your pipeline. Get the business card, find out what they are currently looking for and then ask them for three folks in the group that pay cash for houses.

After three meetings, you have a valid buyers list - IF THESE ARE TRUE DEALS --24.239.xx.xxx



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