Lompoc, CA · Member since 2016 · 34 posts · 6 votes
Hi guys,
Is there public information that is accessible about cash buyers? I want to do a wholesale deal but I feel like I should first find out who can purchase and what they are interested in. Purchasing a list for 2K is not a good option for me. I appreciate the help
Saginaw, MI · Member since 2016 · 161 posts · 67 votes
10y
i would first focus on finding a great deal and cash buyers will usually flock to it. I have listened to podcast 136 and this would be a great podcast for you to listen to as well if your interested in wholesaling property.
Investor · Seattle, WA · Member since 2015 · 109 posts · 19 votes
10y
many ways! Send your deals to bigger pockets marketplace, Craigslist, market yourself at real estate meetings. The toughest part is finding the deal. There will always be a cash buyer if it's a good enough deal. Good luck!
Saginaw, MI · Member since 2016 · 161 posts · 67 votes
10y
i would first focus on finding a great deal and cash buyers will usually flock to it. I have listened to podcast 136 and this would be a great podcast for you to listen to as well if your interested in wholesaling property.
Wholesaler · Dallas, TX · Member since 2015 · 23 posts · 9 votes
10y
One thing I do is look for cash sold properties in the area where the home is. If they belong to an LLC or are non owner occupied then call them up. They are often more than willing to hear about good deal close to the area where they have already made some money.
Wholesaler · Mckinleyville, CA · Member since 2015 · 192 posts · 69 votes
10y
You can always ask a real estate agent for a list of Cash Solds within a certain time frame. Tell them what you do, and that you hope to start a good business relationship. Real Estate Agents have access to see all of what has sold, and for what amounts, and with what type of financing. That's an easy way, but you can always dig through public records.
Wholesaler · Columbus, OH · Member since 2016 · 62 posts · 8 votes
10y
You shouldn't worry about having a buyers list because all you really need is just a couple of buyers and they are so easy to find. Focus on getting a good deal. Once you find a hot deal watch buyers pour in.
many ways! Send your deals to bigger pockets marketplace, Craigslist, market yourself at real estate meetings. The toughest part is finding the deal. There will always be a cash buyer if it's a good enough deal. Good luck!
Thanks Jarvis! I'm not pro yet; but I am seeing more and more how valuable it can be.
i would first focus on finding a great deal and cash buyers will usually flock to it. I have listened to podcast 136 and this would be a great podcast for you to listen to as well if your interested in wholesaling property.
good luck hope this helped
Corey, thanks! I will definitely hit up that podcast.
One thing I do is look for cash sold properties in the area where the home is. If they belong to an LLC or are non owner occupied then call them up. They are often more than willing to hear about good deal close to the area where they have already made some money.
Thanks for the tip, Ryan. How would I find the cash sold properties and if they belong to an LLC or are non owner occupied? I don't know how to find that info, but that certainly would be helpful.
Lompoc, CA · Member since 2016 · 34 posts · 6 votes
10y
Originally posted by @Account Closed:
You can always ask a real estate agent for a list of Cash Solds within a certain time frame. Tell them what you do, and that you hope to start a good business relationship. Real Estate Agents have access to see all of what has sold, and for what amounts, and with what type of financing. That's an easy way, but you can always dig through public records.
Thanks Chelsea! I have a friend up in North California that just got her license, but I'm here in the South Central Coast. Do you think I should ask her or try to build relationship with someone over here better? And on the public records; how would I access that? Is there information online or should I check at the courthouse?
You shouldn't worry about having a buyers list because all you really need is just a couple of buyers and they are so easy to find. Focus on getting a good deal. Once you find a hot deal watch buyers pour in.
Alli, thank you! You're totally right; just for me personally connecting with a buyer first would help me make the jump for my first deal. :) Fear is definitely an issue!
Learn to use the BP search function - this is FAQ.
Or just go to the top op the BP Wholesaling forum and read the threads right at the top of that forum for numerous methods.
Hi Steve! Do I need to be Pro to use that function? I'm a little embarrased to say this; but I'm new to Bigger Pockets and I'm not sure how to use it. I've definitely been getting a lot of help from the forums and podcasts. Thanks for the tip!
Learn to use the BP search function - this is FAQ.
Or just go to the top op the BP Wholesaling forum and read the threads right at the top of that forum for numerous methods.
Hi Steve! Do I need to be Pro to use that function? I'm a little embarrased to say this; but I'm new to Bigger Pockets and I'm not sure how to use it. I've definitely been getting a lot of help from the forums and podcasts. Thanks for the tip!
Search is available to all members - paid and unpaid. I am posting this from my phone, so it might differ for you if you use a different type of device. There is a "Menu" next to the BiggerPockets bar near the top; when I click on the menu the search and magnifying glass icon appear as one of the selections.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
10y
@Calah Lopez the best FREE method to get a cash buyers list aside of BP is Craigslist, go the the Services > Real Estate/Skilled Trade section. Pull a list of contractors, handymen, lawn moving companies (yes lawn moving is profitable business in Miami, but not sure about Cali though). After you have about 5-10 leads. Call them with the following script:
You: [name of lead]
Them: Yes? (confused/busy/lots of noise in the background)
You: I'm saw your ad on craigslist for [x] service, real quick [lower your tonality]
are you by any chance looking for a good real estate deal? Chances are 8/10 they will say no, but the ones that do, will be added to your buyers list. Your total cost besides a few NO's is FREE!
@Calah Lopez the best FREE method to get a cash buyers list aside of BP is Craigslist, go the the Services > Real Estate/Skilled Trade section. Pull a list of contractors, handymen, lawn moving companies (yes lawn moving is profitable business in Miami, but not sure about Cali though). After you have about 5-10 leads. Call them with the following script:
You: [name of lead]
Them: Yes? (confused/busy/lots of noise in the background)
You: I'm saw your ad on craigslist for [x] service, real quick [lower your tonality]
are you by any chance looking for a good real estate deal? Chances are 8/10 they will say no, but the ones that do, will be added to your buyers list. Your total cost besides a few NO's is FREE!
Flipper/Rehabber · Orlando, FL · Member since 2016 · 311 posts · 150 votes
10y
If it is a quality list that is verified, depending on the size $2K might not be a huge expense.
When purchasing a list always make sure you get a sample size large enough to determine whether or not there is any actual credibility behind it. At the end of the day, you will come across your cash buyers in 3 main ways:
1) Bandit Signs
2) Craigslist/Public Portals
3) Looking at sale records and chasing the buyers who bought properties recently with cash.
One thing I do is look for cash sold properties in the area where the home is. If they belong to an LLC or are non owner occupied then call them up. They are often more than willing to hear about good deal close to the area where they have already made some money.
Thanks for the tip, Ryan. How would I find the cash sold properties and if they belong to an LLC or are non owner occupied? I don't know how to find that info, but that certainly would be helpful.
Sorry I should have mentioned. I have someone with MLS access show me the cash solds in the area.
Investor · San Antonio, TX · Member since 2013 · 213 posts · 182 votes
10y
Calah Lopez if you're going to do a few deals and stop then yes a buyers list isn't really needed. But if you want to do many deals per month then never stop building your buyers list.
Everything recommend is good just pick one and try it then move to the next.
One thing I know for sure is just because you a few "buyers" that say all the right things doesn't mean they'll follow through when the time comes.
Buyers come and go so don't stop getting them.
To everyone that says "when you have a good deal you'll find the buyer" you might be leaving a lot of money on the table by going to the first person interested.
My buyers list allows me to sell 90% deals quick.
One thing I do is look for cash sold properties in the area where the home is. If they belong to an LLC or are non owner occupied then call them up. They are often more than willing to hear about good deal close to the area where they have already made some money.
Thanks for the tip, Ryan. How would I find the cash sold properties and if they belong to an LLC or are non owner occupied? I don't know how to find that info, but that certainly would be helpful.
Sorry I should have mentioned. I have someone with MLS access show me the cash solds in the area.
Calah Lopez if you're going to do a few deals and stop then yes a buyers list isn't really needed. But if you want to do many deals per month then never stop building your buyers list.
Everything recommend is good just pick one and try it then move to the next.
One thing I know for sure is just because you a few "buyers" that say all the right things doesn't mean they'll follow through when the time comes.
Buyers come and go so don't stop getting them.
To everyone that says "when you have a good deal you'll find the buyer" you might be leaving a lot of money on the table by going to the first person interested.
My buyers list allows me to sell 90% deals quick.
Hi Jonatan! So you gather buyers and send out an email when you have a deal to wholesale?