Advice on how to find buyers in my area?

Question

Hi BP,

Can someone give me advice on how to find buyers in my area for my upcoming wholesale deals?

Hattie Dizmond · Answer

Simple...2 steps...

1.  Get involved in your local REIA.  Make sure you're on the email distribution and find out if they have a forum to post deals.

2.  Make sure you have great deals.

If you have great deals, all you will have to do is post the deal on the REIA site or send out an email blast.  You can even post the deals here on BP, in the Marketplace.  If your deal is good enough, people will be beating down your door within 30-min of you sending out the email blast.

To avoid the tire kickers, get involved with your local REIA.  (Didn't I already say that?  Anyway...)  Find out who the "real" cash buyers are, not the pretenders.  Talk to them.  Find out what kinds of properties they are looking for.  Let them know you're a wholesaler.

Most important of all...make sure you have good deals, so do your research and nail the analysis!

Account Closed · Answer

Make a Google search and according to that list all the buyers, who is located in your area. Then try to make a contacts with those folks to whom you searched in your local areas.

Gregory Casey · Answer

Michael,

The way I have been building my buyers list is pretty straight forward.

1. Every few months I have my realtor run an MLS search for properties that have closed in the last 30 or 60 days. In the financing terms section - Buyer paid CASH ONLY.  With this information you can now go to the County Tax Assessor website and look up the new owner of that property using the property address.  You should be able to get the buyers name, tax mailing address.  I then would send marketing to these cash buyers.

2. I call other investors marketing...If they are advertising, they may be buying or know someone who is.

Hope this helps!

Ryan Dossey · Answer

I also recommend calling some of the We buy houses bandit signs you see laying around or stickers on cars. Tell them you often have great properties and ask if they buy or wholesale. Look on CL. Often when you have a deal or two you will meet people that if you gave them a good deal will come back looking for more.

Advice on how to find buyers in my area?

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