finding cash buyers

7 Replies

Whats the best way to find cash Buyers, and long term investers

I'm going to steal this from @Michael Q's playbook, but one way to do it, is go on listsource.com and filter it down to homes with 99 to 100% equity that were purchased in the past 12 months,  absentee owners, don't filter out corps or trusts. And send them a mail piece telling them you noticed they purchased the property at Acme lane and if you can add them to your exclusive cash buyers list.

Try this site for a down and dirty way to find cash buyers in a given area.

http://www.findcompsnow.com/index.php

Add the area code you're interest in you'll get a list of recent purchases made by cash buyers.  Select More Info for each you'll get the name and address of the buyer. Research them on Google, Facebook, etc. for a phone number and give them a call, or contact them by mail.

Ask a few closing atty, realtors, or look at county tax office..

Great suggestions above.

To add to the mix, network at trustee auctions, people that buy there have to pay cash and make decisions pretty quickly.

Join LinkedIn (free and no need to upgrade)

Join some LinkedIn groupsthat relate to your business: Real estate Investors, Private Money, Bank Direct, etc.

Ask each group for daily or weekly emails of their latest posts.

When emails come in look at the posts, but more importantly look at those who responded to the posts. Look for people looking people who might buy what you have for sale.

When you find someone that is interested in what you are selling, get their contact information. (Three possible ways to do this: they may have put it in the post, there may be a ‘contact info’ on the right, under their photo, on their profile page,or you can reply to the post asking for their contact info.If you have not upgraded and are using LinkedIn free, you won’t be able to say much, so keep it brief.

Contact them asking what they are buying or selling.Ask how you can work together.

Build a relationship with those that look promising.

You can get many buyers this way.

The catch is finding out if they are principle buyers, buyer’s agents, buyer’s reps or just somewhere down the chain from the guy that is actually buying.Stay away from long chains.Accept principle buyers, their direct agents and direct reps, but don’t bother with any that are more than one step away from direct to buyer.

Wow, five posts and nobody knows how to do a BP forum search?!?

Forum search is your friend, so learn how to use it. 

For those who can't figure that out, just go to the top of the BP wholesaling forum and read the sticky topics. 

BTW, the OP's question was the most frequently asked question here on BP, thus the reason for the sticky topics ...

This is some GREAT stuff...

I am soaking up everything!!!

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