After reading my previous posts on wholesalers, you should be able to find deals and know that they need to be purchased at a deep enough discount that you can sell them to investors who, in turn, can make their own profit on them. Here we will assume that you have these great deals and you simply have no buyers to buy them.
So how do you find cash buyers?
1. First, it’s important the 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 meet your local investors and what they are looking for. Some like big rehabs, some like smaller ones, some want properties that they can invest less in and then hold long-term as rentals, and want to buy those with equity already in them.
2. In most areas, you can find diversified investors meetings on MeetUp.com. Once again, please attend and network so you will be known as the local with wholesale properties.
3. Look for venues HOA meetings Your attendees are really doing business and are often looking for more properties for themselves.
Four. Call all bandit posters You can find and see if any of those investors are interested in your deals. Ask 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 investor mailing list. I am constantly 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 actually doing business, who have the funds, the desire, and the ability to buy deals from you. Actually, it doesn’t take many names to create a great list.
6. If you have great deals, you won’t need to talk to many investors to sell them. If you talk to six investors and they don’t sell, they’re not deals, which means you’re either paying too much to buy or expecting too much profit when you resell.
7. Be proactive. If there aren’t any good investor meetings near you, start one. This is not an isolated business; You must be networked and part of the investment group to be successful.
8. If you have too many offers for sale, may not actually be offers. If your properties are not selling quickly, they are probably priced too high.
9. Do you have the right investors? for your offers? If you’re looking for mobile homes, do you have mobile home buyers on your list? If you buy in very deprived areas, do you have investors who want those deals? Make sure your buyer list is diversified enough to have buyers for any type of deal you find.
10 Are your offers good? If you have really good deals, investors will make a profit when they buy from you and they will come back again and again. Soon, you won’t be looking for investing buyers, they’ll be looking for you.
Do you have a buyers list? Are you able to sell quickly? What tips can you add?
