Questions to Ask Potential Cash Buyers

[Rick Magennis]

Hello Bigger Pockets Community,

My name is Rick and I am a newbie to wholesaling real estate and have a question.

I am trying to build my "Cash Buyers list", but what questions do I ask when prospective buyers call? I want to make sure I am building a quality list with real buyers and not just "tire kickers". I may not have a property for them now, but if one comes up and I know it will be a good fit for them I want to make sure they are the first to be called. 

If there is a previous thread on this please guide me to it, if not I am looking forward to hearing from the experienced investors on BP. 

Rick Magennis

[Devan Mcclish]

1. Proof of funds

2. how quickly can you close?

3. Where are you looking for property?

4. What are your goals? rehab, rental, lease option, etc.?

5. How much profit do you want to make? or do you follow a formula?

6. What areas do you stay away from?

7. What in a property do you stay away from? (answers to this might be foundation problems, septic tank, additions)

8. Will you put down a non refundable earnest money deposit if you agree to go to contract with me?