10 Ways to Find Cash Buyers for Your Wholesale DealsJacob
After reading my previous wholesale posts, you should be able to find deals and know that they need to be bought at a discount deep enough that you can sell them to investors who, in turn, can make their own profits. Here we will assume that you have these great deals and that you simply have no buyers to buy them from.
So how do you find cash buyers?
1. First, it is important net at your local REIA meetings. You can find your local real estate investor association meetings at NationalREIA.org. Be sure to attend regularly to get to know your local investors and what they are looking for. Some like large renovations, others like smaller ones, some want properties that they can put less on and then keep as long-term leases and want to buy those with equity already in them.
2. In most areas, you can find diversified investors meetings on MeetUp.com. Again, attend and network so you are known as the place with wholesale properties.
3. Find local Homeowners association meetings His assistants are really doing business and often looking for more properties for themselves.
4) Call all the signs of bandits You can find and see if any of those investors are interested in your offers. Request permission to add your email and phone number to your list of potential buyers.
5) Get names, phone numbers, and email addresses at every meeting you attend. This is how you make your list of investors to send by mail. I am constantly being asked where to get a list of potential buyers and sellers. The list cannot be bought, you make it yourself. It takes time but you don’t need many names. What you want on the list are quality names, those who are really doing the business, who have the funds, the desire, and the ability to buy you deals. Actually, it doesn’t take many names to create a great list.
6) If you have great offersYou will not need to speak to many investors to sell them. If you talk to six investors and they don’t sell, they’re not business, which means you’re paying too much to buy or expecting too much profit when you resell.
7) Be proactive. If there are no good investor meetings near you, start one. This is not an isolated business; You must be a network and part of the investor group to be successful.
8. If you have too many offers for sale, may not really be deals. If your properties don’t sell quickly, they are probably priced too high.
9) Do you have the right investors? for your offers? If you are looking for mobile homes, do you have mobile home buyers on your list? If you buy in very depressed areas, do you have investors who want those deals? Make sure your buyer list is diversified enough to have buyers for whatever type of deal you find.
10) Are your offers good? If you really have good deals, investors will make a profit when they buy from you and will come back again and again. Soon, it won’t look for investor buyers, they will.
Do you have a buyer list? Are you able to sell quickly? What tips can you add?