BiggerPockets

Hey, im wondering what is the best way for me to go about developing a buyers list for wholesaling.

Thanks

Yes, this has been asked and answered a number of times. I think there is even a wholesaling forum sticky that might cover this too.

If you do want to build a buyers list first then what you want to do is go to www.listsource.com and buy a list of absentee owners that have purchase more than one house in the last 6 months. This will give you an active list of buyers and then you want to send them postcards or letters asking them if they want to be notified of properties you have for wholesale.

Brian Haskins

Lee,

I would say the easiest way to build a buyers list is through

1.) Placing ads on Craigslist consistently. You can generally get a few people per day to sign up to your email list. Not everyone will be serious buyers, but you will find some serious investors.

2.) Get on Facebook, Linkedin, and Meetup.com and start connecting with people. These sites generally have groups that are Real Estate specific and location specific. So you can generally find a group of real estate investors in your city. Also, with meetup.com groups you can send emails to the list-serve, so when you get a deal you can blast it out to the entire meet-up group, and you can sign up for numerous meet-up groups.

Hope this helps.

No doubt: Bandit Signs. Well in my area of Tampa, FL, I put out 10 bandit signs on a Friday advertising a property I have for 30 cents on the dollar and I got like 14 calls the next day. Put them at busy intersections where people have to stop

Lee

Here is an easy (yet manual) way to find cash buyers in your area. This is the exact way that we have built our wholesaling business into one of the largest in the country. Hope it helps.

1. Search MLS (you or someone that has access) for properties that under the "financing" section of the listing used the words "Cash Only" or "Cash Offer" or just "Cash"

2. Also in the criteria, make sure that you select only listings with a status of "closed" - not pending, active, or expired

3. This report will now show you all MLS transactions in your area that closed for cash

4. Take the property address and look it up on your County Tax Assesor's website

5. The new owner of record will appear with their mailing address

You now know a cash buyer, the address of the property the purchased, and their mailing address

Build this database and begin marketing to them immediately - advertising that you are a local investor and want to sell them houses.

This one strategy took us from flipping a few houses a year to flipping over 800 in the last 5 years. 221 just last year.

I hope that helps.

Kent
http://memphisinvest.com
http://findcashbuyersnow.com
http://1800sellnow.com