Best Method for Finding Cash Buyers?

Question

Hello folks -

My biggest obstacle so far in starting my wholesaling venture hands down, has been finding cash buyers. I've had so-so success soliciting "We buy homes" ads on craigslist, but any idiot can put an ad up there. I went to a sheriff's auction as well yesterday on the prowl, and 1.5 hr later, after me being the only one present, I was told investors haven't been to my area's auctions in years.

So, right to the point - another suggestion I'm considering is, Squeeze page? Solicit the page using craigslist or whatever other method, business cards & signs, then say what to entice the buyer? What kind of "gift" do I offer in return for the email? & do I include a 2nd page after email capture where the buyer can be more detailed, have them leave those details over a voicemail or something?

What's your favorite way to capture buyer leads? This is making me start to pull my hair out

Clayton P. · Answer

Thanks for the input everybody.

I met with my attorney today that would take me to lunch with one of his largest clients doing 30+ deals a year right near my market. It all sounds well and good, it just seems against all the best parts of my judgement to tie something up under contract without having a list of buyers and preferably knowing their buy criteria.

I'm a phone call away from getting my LLC set up for when I find a deal, I just need my buyers and I'll feel secure enough to start rocking and rolling. Looks like buyer squeeze page website and bandit signs are in my near future lol.

David A. · Answer

If you are truly tieing up a "good" deal then you will find a buyer in no time.  even posting on here will help your to get a buyer quickly. They key is making sure the home you are putting contract on is a good deal.  being someone that does cash deals I know when a deal is good i have to move fast before another buyer gets it quick.    While it is great you are thinking ahead the reverse sucks as well I have dropped of many lists because these supposed guru wholesaler will have great deals when in fact i have found better deals thru MLS (not knocking all wholesalers some are GREAT) But if you have a product people want at a Good to great price buyers will flock. just make it know what you have.

Clayton P. · Answer

Yeah, that's true to a point, but look at it from my side too - if I was to blindly start tieing up properties to close in 60 days, and I didn't have a solid list of buyers to pitch the deal to, that, to me is an idiot move.

What I'm asking is, how to find these cash buyers and get their criteria on the properties THEY want to buy.... the beds, baths, dollar amounts, zip codes, everything, so I can tie up properties that match their needs... not start the other way around, tie up properties then scramble to find buyers.

Account Closed · Answer

I'll second Michael's response. Dead on!

Michael Garrity · Answer

Hey Clayton sorry I'm a little confused on exactly what you're doing so it's hard to answer.  But I can tell you this with 13 years experience, cash buyers are like sharks, if there's a kill, you don't search for them they find you.  Cash buyers sniff around 24hrs a day just like sharks searching for blood.  If whatever your selling doesn't attract cash buyers I would look at your product first.  Cash buyers want a deal.  If you're offering real deals that had healthy profit in them, you would be sick of answering your phone.