Advice on building buyer's list.

[Dannika Shambee]

I'm new to wholesale business in the Chicago IL Area and in need of advice on how to build up my buyer's list?

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@Dannika Shambee

I would agree with @Chris T. deals are more important to focus on than building a buyers list. 

I would say go to a few REI groups that you can find within BiggerPockets and/or meetup.com. When there meet a few solid cash buyers that are buying regularly in your area.

Then reach out to a few Realtors in your area that work with investors that have cash buyer clients. Your value proposition to them would be you can provide them with off market deals they can turn over to their cash buyer clients and after they are rehabbed the realtors can list them for their clients at full rehabbed price. You can find these realtors either on this site or by looking current homes for sale that are obvious rehabbed homes. 

Don’t spend more than a few days on this. After that focus all your attention on finding deals, otherwise you will be out of the business quickly as many are that come in trying to be a wholesaler. 

Also getting your brokers license is a good way to supplement your wholesaling income. As you will find many prospects you come across will reject your cash offer and will want full retail value. Those people are great prospects for a realtor. Even if you don’t have time or want to be a practicing Realtor, you can get the license just to earn referral commissions by passing along the lead to another’s active Realtor. 

Hope this finds you well!