Help finding Cash buyers for investment properties?

Help finding Cash buyers for investment properties?

Member since 2024 · 4 posts · 1 vote

I have a few possible deals lined up just awaiting the rights contract. But I want to build a buyers list first. Any tips?

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  • Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
    1y
    Quote from @Ilija Sladojevic:

    I have a few possible deals lined up just awaiting the rights contract. But I want to build a buyers list first. Any tips?


    Yes. Don't wait to get those deals signed up.

    You build your buyers list by having great deals!

    Serious buyers aren't going to get excited until you have something under agreement.

  • Member since 2024 · 4 posts · 1 vote
    1y

    Thanks for your feedback.

    I will close those deals now, but where should I advertise these properties. I've started on Facebook groups and reddit. But besides that what would you recommend. Thanks.

  • Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
    1y
    Quote from @Ilija Sladojevic:

    Thanks for your feedback.

    I will close those deals now, but where should I advertise these properties. I've started on Facebook groups and reddit. But besides that what would you recommend. Thanks.

    For each deal you find, there are serious buyers nearby who are actively closing deals. These are the people you need.

    You'll find them at the local real estate investor association (REIA) meetings, or the REIA FB groups.

    You'll find them by talking to real estate agents who sell their houses once the rehab work is done.

    You'll find them by checking sales data to see who's buying with cash in your target market.

    They're out there. And, fortunately, you don't need many of them to be successful.

    But, be very careful!

    When you start "advertising" these properties publicly, you expose yourself to the accusation of brokering without a license. 'Cause you would be!

    The idea that you need thousands of folks on your buyers list is a dangerous myth, promoted by gurus.

    You would do just fine with a dozen serious local buyers.

    And, they're already out there. You just have to find them and bring them the deals they want.

  • Member since 2024 · 4 posts · 1 vote
    1y

    Thanks for the advice! I'll focus on finding buyers through REIA groups, agents, and sales data, and make sure I'm careful with how I market the deals.

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