Real Estate Investor · Houston, TX · Member since 2012 · 44 posts · 13 votes
Hello All,
I am new to REI and am looking to build my on hand cash so that I can purchase a rental property. Wholesaling appears to be a great opportunity yet, the cross roads that I am stuck at is locating cash buyers. I found the website MyHouseDeals.com and see that you can pay for a list for a little over $200. Has anyone had any success using this site?
I have also contacted several realtors asking for the details of purchasers of cash only sales with no avail. Can anyone please provide me with direction on consolidating a cash buyers list.
Sounds like you need cash so why pay others to get for you what you can get for a couple bucks or free? Go to the courthouse find recent sales, if there was no deed of trust filed with the deal and a warranty deed was made, you have a cash buyer!
For $200, you can get FreedomSoft, which includes a cash buyers list, plus a TON of other features to manage your entire business. But, if you wanted to go organic grassroots style, you can do a number of things.
Cash buyers are easy to find these days. It's distressed sellers with equity that are tough. I believe there is a sticky post on this board that has about 50 different ways to find cash buyers. Start there first.
Sounds like you need cash so why pay others to get for you what you can get for a couple bucks or free? Go to the courthouse find recent sales, if there was no deed of trust filed with the deal and a warranty deed was made, you have a cash buyer!
One free way to do this is to google "Cash Buyers in Houston" and literally call them one by one. Yes it'll take time, but you'll eventually build a solid buyers list.
@Ali Young you don't need a buyer's list to get started. If you find a good deal post it on the marketplace or network at Houston real estate meetups. If it's an actual good deal you'll have offers within 24 hours from interested investors. Make sure you run your numbers on the property and understand what flippers are looking for.
I would work on finding deals first. Without deals, your buyers list, no matter how extensive it is, is worthless.
If you find a good deal in any competitive market, you'll have the cash buyers fighting for it once they hear about it.