How to find buyers for property

Question

What is the best way to find a buyers list? New to wholesaling and I have a hard time finding buyers

Anthony L Amos Jr · Answer

Network with your local real estate investment groups, do joint ventures with other wholesalers (you bring the deal they bring the buyer), network with realtors, stop and talk to contractors rehabbing a house and ask who is the buyer, talk with title companies and lenders and see if they are willing to connect you with buyers, etc. Here are a few things you can do today

Daniel Paloscio · Answer

Do you already have a property under contract? If so and if you have access to the MLS or a good relationship with a realtor, you can do a search in the area of your property for cash sales within the last year. Then you can reach out to each realtor and tell them about your deal for their clients that paid cash in your area. You can offer them a commission on the deal or not, many times realtors can collect from their buyers on the acquisition and/or the disposition.

Another option, which most people frown upon, would be to put bandit signs out at busy intersections surrounding your property. You will get a ton of calls on these. This is a great way to start building your buyers list. You can also post a deal on craigslist & zillow and collect buyer data this way as well (depending on the laws in your state)

If you don't already have a property under contract, my suggestion would be to contract one first. If you are offering a property at a reasonable price you will have no problem finding a buyer with the methods above and your buyers list will start growing quick.

Maurice Smith · Answer

@Jermaine Johnson I agree with @Chris Seveney. Your local REIA is a great place to connect with Cash Buyers, also you can use the filters in Propstream to identify cash buyers in very close proximity to your subject property or in key zip codes. We tend to filter for Corporate owners, then go to the State Secretary's website to get available information and reach out. You can also JV with established wholesalers in the area and sometimes the closing attorney will also know many cash buyers and can facilitate a connection.

Chris Seveney · Answer

@Jermaine Johnson

Go to local reia events and find out who is buying in an area. Another example if you use Propstream you can find out who the cash buyers are in an area and contact them.

Much easier to find buyers than it is properties that buyers would be interested in.

How to find buyers for property

Most Popular Reply