Suggestions on where to find cash buyers

New to Real Estate · Pomona, MO · Member since 2023 · 15 posts · 4 votes

I'm just starting out in REI and live about 3 hours from St. Louis and 1.5 hours from Springfield, MO. I'm a former real estate agent and I'm now working on getting my license in Missouri. I'm going to be wholesaling and I would like to connect to cash buyers and find out what types of properties they are specifically looking for.

Thank you!

0 Reply

34 views

Most Popular Reply

Mark MunsonBusiness Member

Lender · Orlando, FL · Member since 2022 · 440 posts · 300 votes

Hi @Kathy Leach

You can use software like Propstream, Privvy, Batch Leads, etc. that can pull cash buyers for you. Once you pull that data, you will have to skip trace it. Most of the softwares can do that too. Once you have the contact information, you should contact them and ask what their buy box is exactly, then you can hunt down the types of properties they are looking for. This process is called "reverse wholesaling". Feel free to connect if you need any further advice. Best of luck!

[email protected]407-900-8799

CapSource LLC4.947 Reviews

Website View Page

4 Reply

See this reply in the discussion

9 Replies

Jump to latestLatest

Sort by

Mark MunsonBusiness Member
Lender · Orlando, FL · Member since 2022 · 440 posts · 300 votes
3y
Hi @Kathy Leach
You can use software like Propstream, Privvy, Batch Leads, etc. that can pull cash buyers for you. Once you pull that data, you will have to skip trace it. Most of the softwares can do that too. Once you have the contact information, you should contact them and ask what their buy box is exactly, then you can hunt down the types of properties they are looking for. This process is called "reverse wholesaling". Feel free to connect if you need any further advice. Best of luck!
[email protected]407-900-8799
CapSource LLC4.947 Reviews
Website View Page
4 Reply
John Zajac
Investor · Amarillo, TX · Member since 2022 · 37 posts · 21 votes
3y
I personally like to have cash buyers, their portfolio, property types, recent cash purchase date, purchase price and contact information before I contact them or have a deal. Having everything eliminates me having to contact them and ask them their buy box and not waste anyones time. I'm used to dealing with real estate cash buyers with corporate entities who purchase a handful of properties a month. There are currently 24,675 active real estate cash buyers in Missouri. You can search by location yourself at Agreedment https://agreedment.com/us/Missouri. I've used other services and software before but I've never was able to get their contact information of the actual buyers behind corporate entities before using early versions of Agreedment. Other services and software help me get some but not all the cash buyers actively buying properties.
1 Reply
Kathy Leach
OP
New to Real Estate · Pomona, MO · Member since 2023 · 15 posts · 4 votes
3y
Quote from @Mark Munson:

Hi @Kathy Leach
You can use software like Propstream, Privvy, Batch Leads, etc. that can pull cash buyers for you. Once you pull that data, you will have to skip trace it. Most of the softwares can do that too. Once you have the contact information, you should contact them and ask what their buy box is exactly, then you can hunt down the types of properties they are looking for. This process is called "reverse wholesaling". Feel free to connect if you need any further advice. Best of luck!
Thank you for your feedback and offer to connect! I appreciate it!
0 Reply
Kathy Leach
OP
New to Real Estate · Pomona, MO · Member since 2023 · 15 posts · 4 votes
3y
Quote from @John Zajac:

I personally like to have cash buyers, their portfolio, property types, recent cash purchase date, purchase price and contact information before I contact them or have a deal. Having everything eliminates me having to contact them and ask them their buy box and not waste anyones time. I'm used to dealing with real estate cash buyers with corporate entities who purchase a handful of properties a month. There are currently 24,675 active real estate cash buyers in Missouri. You can search by location yourself at Agreedment https://agreedment.com/us/Missouri. I've used other services and software before but I've never was able to get their contact information of the actual buyers behind corporate entities before using early versions of Agreedment. Other services and software help me get some but not all the cash buyers actively buying properties.
Thank you for the tip! I'd not heard of Agreedment before. I'll check them out. Your process is what I'm aiming for. I prefer not to waste mine or anyone else's time. Thanks!
0 Reply
Sheri FluellenBusiness Member
Real Estate Agent · Cheyenne, WY · Member since 2020 · 123 posts · 64 votes
3y
Welcome back to real estate Kathy! I have family that life in Springfield and travel there multiple times a year. I live in WY. What I do to create a list of investors for various reasons is reach out to REIAs (real estate investment associations) and see if they have a facebook group or some other way to connect (in addition to their meetings). Also find other FB groups that are location specific to where you're looking. These are easy and cheap ways to find some people.
[email protected]307-772-1185
The Titan Real Estate Team, Real Broker52 Reviews
Website View Page
1 Reply
Kathy Leach
OP
New to Real Estate · Pomona, MO · Member since 2023 · 15 posts · 4 votes
3y
Quote from @Sheri Fluellen:

Welcome back to real estate Kathy! I have family that life in Springfield and travel there multiple times a year. I live in WY. What I do to create a list of investors for various reasons is reach out to REIAs (real estate investment associations) and see if they have a facebook group or some other way to connect (in addition to their meetings). Also find other FB groups that are location specific to where you're looking. These are easy and cheap ways to find some people.

Thank you!
0 Reply
Dominic B.
Investor · Pasadena, CA · Member since 2023 · 11 posts · 0 votes
3y
Dear Kathy,

I want to mention that it was a brilliant idea to post this question here.

-On top of all the great recommendations here, I also want to add that I direct messaged people on this platform.

-I also reconnected with classmates who work in Real Estate.

-Also, you could attend Real Estate Invest Club meetings.
Hope this helped!
0 Reply
Jordyn Newman
Real Estate Agent · St. Louis · Member since 2023 · 45 posts · 16 votes
3y
Hey @Kathy Leach!
A great tool once you get your license in Missouri can be general reverse searching. Using the MLS to see who is buying is always useful. Usually you'll see patterns of LLC's buying multiple properties in certain areas, and you can use MO business search to contact the owners of the LLC's. I agree that proper research should be done before contact, but utilizing your tools as an agent help tremendously!
0 Reply
Lee Wilber
Rental Property Investor · St. Louis, MO · Member since 2021 · 15 posts · 3 votes
3y
Kathy -
Welcome back to Real Estate - I was active in the SW Missouri market for a handful of years over a decade ago. I now am primarily an investor and also represent a large institutional buyer - so if you'd like to add me to your cash buyer list, feel free!
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.