|Strong Buyer's List For Quick Cash!
Being able to generate quick cash on a consistent basis is exactly what gets you to
full-time real estate investor status, or can take your current real estate business to the next level.
Being able to wholesale properties boils down to being able to get those properties sold QUICKLY!!!
From the time you put a contract on a property the clock is ticking and you must be able
to get it sold quickly. I constantly see the one ingredient that many investors are lacking which is
keeping them from thousands of dollars and that is: A Strong Buyer's List!!
In wholesaling properties for quick cash, having the best deal in the world will do you
absolutely no good unless you have a qualified buyer that can close quickly. Think of it in terms as
your deal being the "check" and your buyers being the "bank" where you cash it.
In fact having a strong buyer's list will allow you to Even wholesale some
"marginal" deals. Buyers work off different profit margins and you just won't know what the
market will bear unless you have a strong buyer's list and a quality communication system to
get that information out to your buyers.
So that's the question then on how to develop a very strong buyer's list. Let me share
with you some key resources to have a quality and sustained buyer's list so when you have this resource
to support an effective marketing program, it will result in check after check with your name on it.
- SECTION "8" RENTER'S LIST. Section 8 is a great way to get some very quality buyers.
Go down to you Section 8 office seeking the list of properties for rent. From there it is very simple
to call the owners on the phone number listed and inquire, "can I please give you a call when I
get a truly great deal?". Then just add them to your buyer's list and get ALL their information.
Section 8 landlords are a tremendous source of quality buyers for especially junker houses.
- PROPERTY MANAGEMENT COMPANIES. This is a technique that only works IF you show up in person.
See, if you'll simply walk through the door at a property management company and ask if you can
bring them a truly great deal for one of their customers if they want to buy another property. If
it's a bona-fide great deal and they communicate the deal with one of their existing customers then
its win-win-win. You get the quality buyer you need, the customer gets the property they want, and
the property management company gets another rental property to manage.
- CLASSIFIED ADVERTISEMENTS. I've taken out a number of classified advertisements To get potential
buyers to call like
- Rehab specials, 555-1212
- Blue-light handyman specials, 555-1212
You may not have ANY houses in inventory and its still all right to run these
advertisements. Just simply say, "I don't have any houses in inventory right now but can I call
you on my next great deal?". They will say "yes" by all means and then be sure to get ALL
their contact information.
- INVESTOR CLUBS. I mean what else can you say? You ought to be soliciting contact information
from all those you can that attend those meetings. Many will be the exact type of buyers you will be
So, there you have it. To develop a quality buyer's list its just not rocket science
but if you will really put some time and emphasis in this part of your real estate business it will
pay you huge dividends in life and that being in the form of checks with YOUR name on them!!
Scott Rister is an author and "real world" investor just like yourself.
Scott started investing in real estate over seven years ago for the sole reason so many do which
is to supplement income and eventually replace the corporate job. After learning first hand what
"down-sizing" in the corporate world means, Scott focused more intently on shifting from
emphasis from buying techniques to finding truly motivated sellers. In less than a year Scott has been
involved with over 60 real estate transactions that ended up with a check with his name on it. You can
learn more about his program at
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