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Wholesaling

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Marlon Jackson
  • Wholesaler
  • Dallas, TX
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Anyone known if a realtor can pull up a cash closed list?

Marlon Jackson
  • Wholesaler
  • Dallas, TX
Posted Sep 9 2019, 15:05

Anyone know if a realtor can pull up a cash closed list from the past 30 days. I’m trying to find cash buyers and target my marketing to them. I’m in the Dallas Tx area

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Ismael Mathurin
  • Investor
  • Fall River, MA
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Ismael Mathurin
  • Investor
  • Fall River, MA
Replied Sep 9 2019, 15:14

Yes a realtor should be able too. If you know one, reach out to them. If not, find one and introduce yourself. Also, Reipro, and Propstream provides cash buyers. Along with some other softwares.

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Barry Pekin
  • Specialist
  • Purcellville, VA
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Barry Pekin
  • Specialist
  • Purcellville, VA
Replied Sep 10 2019, 04:14

@Marlon Jackson,

Attend some local REIA meetups. I always meet a few realtors there who are interested in investing and investors.

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Marlon Jackson
  • Wholesaler
  • Dallas, TX
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Marlon Jackson
  • Wholesaler
  • Dallas, TX
Replied Sep 10 2019, 05:04

@Ismael Mathurin what questions do I ask or how do I approach them

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Marlon Jackson
  • Wholesaler
  • Dallas, TX
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Marlon Jackson
  • Wholesaler
  • Dallas, TX
Replied Sep 10 2019, 05:04

@Barry Pekin what questions do I ask and how do I approach them

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Barry Pekin
  • Specialist
  • Purcellville, VA
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Barry Pekin
  • Specialist
  • Purcellville, VA
Replied Sep 10 2019, 05:11

@Marlon Jackson,

Everyone is very open and cooperative at these meetings. Just connect honestly. Let them know what you're doing, and ask if that's possible - just like you did here.

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied Sep 10 2019, 05:21

@Marlon Jackson I would start by developing some basic marketing materials you can hand them. Business card, small flyer of what you're offering/looking for. Meet them face-to-face instead of calling on the phone. Ask to take them to lunch or meet them for a quick coffee.

If you ask them for a list of cash buyers, they'll probably laugh or ignore you. If you tell them what you can offer, and what you offer is of value, they will send the business to you.

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Marlon Jackson
  • Wholesaler
  • Dallas, TX
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Marlon Jackson
  • Wholesaler
  • Dallas, TX
Replied Sep 10 2019, 06:44

@Barry Pekin awesome advice thanks

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Marlon Jackson
  • Wholesaler
  • Dallas, TX
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Marlon Jackson
  • Wholesaler
  • Dallas, TX
Replied Sep 10 2019, 06:44

@Nathan G. Thank you will do.

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Ismael Mathurin
  • Investor
  • Fall River, MA
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Ismael Mathurin
  • Investor
  • Fall River, MA
Replied Oct 12 2019, 05:53

@Marlon Jackson

Just introduce yourself, tell them what you do, and ask ways you guys can work with one another. For example, if you come across a deal, that you cannot wholesale, or any other options isn't possible on your end. You can always refer the seller to the realtor. Give them the listing, instead of trashing the lead. And build a relationship from there. 

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Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
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Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
ModeratorReplied Oct 12 2019, 11:22

Title companies can also provide you a list of all cash transactions on real estate, that is a good place to start and they certainly want your business so that can be a win win.

Meeting other investors at real estate meet ups and events along with right here on BP is great. If you are looking to wholesale (a guess since you posted in the wholesaling thread), then you need to ask your potential buyers you meet their exact criteria for what they purchase including locations, price points, their strategy (buy and hold or rehab flip), light or heavy rehabs, do they do additions as well, what financing they use if any, etc. Then you shop for properties meeting their criteria.

Be advised that in many states, wholesaling by way of assigning the contract where you publicly advertised the property/contract is illegal and considered brokering without a license. So you need to do the transaction legally (close on it, take title, then resale) or get licensed.