BiggerPockets

I like the way you phrased that question as opposed to asking,"how do you build a buyers list"

I have found that my local real estate club is great for finding buyers. They usually have a Yahoo message board and you will get a number of replies if you post to it. I have been wholesaling for 7 years and I always end up selling to 5-7 "players" that I have sold to before. Occasionally, you will get a new buyer, but the players are the ones with the private money and the experience. The reality of it is that you are competing with other wholesalers to bring them your deals before your competition does. I usually will call only one or two players per deal because I know what kind of houses they want. I tried running ads, but those names you get will not be looking for a house in 6 months, so don't waste your money and time.

Jesse, were any of the ways I gave you via email helpful?

it was just oddball ways, like finding obvious remodel sites while driving through neighborhoods and finding out if an investor is attached and who the investor is, contacting HML's and asking them to connect you with their most active clients.


also I mentioned different types of buyers list, having your rehabbers on a separate list than your landlords etc....

Jesse,

My personal favorite is to WALK through a neighborhood instead of drive. I work a tight area in my town and I know it very well, but I learned things while walking that I never would have been able to focus on while driving because of cars, people etc.

I'll find homes that we're sold for CHEAP weather they we're foreclosed or just discounted and check on them until I find a Rehab crew, if I see the guys working ill walk up and talk to them, tell them what I do and get their info.

Finding people actively flipping a house in the area could be a great way to find a buyer.

Jeff

That's why I've always been a fan of not only "qualifying" the buyers but while I'm adding to the list I also subtract the tire kickers from the list as well. I believe in quality not quantity.

I'm certainly not opposed to "walking" a neighborhood if that's your thing, but I think the biggest problem is getting new(er) investors to take some action. They can learn all they about building a buyers list but unless they take the action required to actually build that list they'll be stuck at that point forever.

Nick, your "how to find buyer's" section in your e-book had many useful techniques I had never heard of. Can't wait for the official release.

Thanks for the compliment Josh. Just trying to do my part. I hope we can all learn a bit from each other in this thread. I've learned so much on this site all ready. I plan to contribute and learn much more in the future.

As for everyone else......great ideas. These will definately be part of my next guru seminar. Nah....J/K

I've found the majority of my buyers by putting out handwritten bandit signs advertising deals. I try to put out 25-50 every week. If I don't have a house to sell, I will advertise one for another wholesaler.

Do that consistently and you will always have active buyers.

Steph

I have a web site that I post my deals on. Interested buyers can subscribe to my list if they want to be alerted to new deals. Whenever I want to beef up my list I just post property ads to craigslist and backpage leading back to my website.

This has worked well for me. I do have my usual suspects that are repeat buyers but I also get folks that I've never met that have come out of nowhere to close with cash very fast.

Thanks for all the responses. This has turned out to be a very informational thread.

Keep em coming!