What to say to a realtor for cash buyer

Question

Brett Snodgrass · Answer

Hi Account Closed

The key is to building a relationship with the right agents. Some agents are not investor friendly and they probably would not be as helpful in the process. You can tell an agent you are a wholesaler, I see nothing wrong with that. You will be able to weed out and find which agents will be a good to have as a part of your team. So I would say just to present yourself as who you are, what you do and maybe even share some of your goals. Build the relationship and show them you mean business. God bless.

Cori Bryan · Answer

Unfortunately there was a group that used to meet in WF....guess it was really great because they'd have inspectors come and appraisers come and there was a lot of good information there, but it got jaded by a few people that would make people sign in and then annoy them with calls- quite the turn off. So probably worth starting another one up and it'll grow- @Brendan Martin- keep me posted and I can get word out to flippers in town I know...

I'd say as an investor/realtor....don't waste your time sending a generic letter...I would say I get several letters/emails literally weekly that are very similar and I don't know how to weed the non serious investors out- so I just rip em up/delete them.

The only thing I take serious is a call with a specific house...

And its ok to text/leave messages....

"Hi my name is X with X company....I purchased an "as is" house- here is the address- here are the specs (although normally they can look up past history on mls)....let them do their research and then call you back if they or anyone of their investors are interested."

Brett Snodgrass · Answer

Account Closed You're welcome! I recommend staying away from Podio, it is very in depth and you would spend a lot time just trying to set up. Right now, we are currently using Highrise HQ but making the switch to Insightly so we can automate some tasks and process other things in the backend. Highrise HQ is an excellent starting point. The PLUS version is only $49 a month. Definitely affordable. Check it out!

Brendan Martin · Answer

Account Closed, let's start a REI in Wichita Falls.

Shannon Coppage · Answer

Account Closed , I know I for one would be interested in an REI group in Wichita Falls.

James Green · Answer

Account Closed to find investor friendly realtors to work with, start going to all the real estate meetups & REIAs in your area. Realtors that work with investors are there! They are actively looking for off-market properties for their cash buyer clients.

Also I wouldn't email a blind list of realtors. Yes, wholesaling is not illegal, but you don't want your name or company put on somebodies radar as a business that is possibly doing something shady. Establishing relationships is best. Never under estimate your local real estate meetings!

Account Closed · Answer

@Brett Snodgrass Thank you sir for the advice. Honesty is always the best policy. BTW what CRM system do you currently use. I am looking at Podio but the jacked up $120 per month fee to be able to use the Globiflow automated workflow is out of my price range right now. Im still playing around with the free version to see what parts of it would be beneficial and save me time versus my excel sheets or will it just create more busy work. I dunno yet. Any good low cost or free options you use or can think of? I'm a one man show right now but I am trying to plan ahead and start implementing systems now for when I grow and start to incorporate VA's etc to delegate tasks.

@Danielle Spears Dont get discouraged and just keep at it. It might take you two weeks or two years to get your first deal, who knows. The key thing is to keep taking action and doing the things you are suppose to do each and every day. As Tom Krohl would say "Progress not perfection" I've closed two deals and should have two more deals closing by the end the week hopefully. I've been learning about this for over a year and marketing for almost a year and just got my first deal last March so it took about 9 months. Funny thing is if your doing all the right things, includeing giving back 10% through some form of tithing aka "law of attraction", you will start to build a momentum from all your past consistent actions. Anyways stay at it.

@James Green I haven't found any set REI meetings in the Wichita Falls, TX area yet and been debateing on just starting one up myself. Theres a handful of BP members in Wichita so I could just start with inviting those people and let word of mouth about our meetings spread :) THanks for the advice.

Shannon Coppage · Answer

Fat McBrides on Maplewood and Pioneer next door have a great happy hour from 5-7 on weekdays (1-1.50 beer, 2.50 margaritas) and some half price appetizers.  McBrides has a bar and patio so it may be better for a more informal come and go gathering.

Another thought would be Gypsy Uncorked on Kemp - great wine and beer place with happy hour from 5-6 (I think) and they have a Taco Tuesday special that is amazing.  They have casual seating inside and patio outside also so it would be good for an informal gathering.

Brendan Martin · Answer

If you post a networking event through BP, you can give people a heads up on whether anything will be pitched to the attendees or not.  For my purposes, I'd just like to meet more people in Wichita Falls that are involved in real estate.  I'm with @Cori Bryan on this, I wouldn't want to be annoying. I'll try my hand at setting one up if people would like to give ideas on venue.

What to say to a realtor for cash buyer

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