How do YOU find cash buyers?

Daynah
I have never heard of using a NDA in this business. I don't use them. Maybe someone else on here has a reason to use one but I don't. Sorry I can't help you with that.
Sissy

Yes...neighborhood house auctions are great places to find buyers. Also the day before the auction make yourself up some of those bandit signs that say (in your own handwriting) "I need to sell my house fast" and give your phone number.
Stick those signs at all roads leading to the house to be auctioned and at all major crossroads that will be leading to the house being auctioned.

That way all the investors that are driving to the auction will see your sign and jot down your number. When they call you get all their contact information and question them as to what they buy, how often, where, price range,etc...

Hi Sissy,

how are you? Quick question: I have a couple of
clients who would like to make cash offers on wholesale properties (preferably SFH) if the price is below 60%
of the current ARV (50% if there are major repairs necessary). Do you know of any properties in your area or anywhere else?

Also, if you know of anybody who needs a loan on a property ... under the right circumstances they are interested in that, too.

I wish you and your family a very Merry Christmas!

Best regards,
Conny Wolfram
(727) 394-4986 office
(727) PIC-1514 cell

I was wondering if investment companies are considered potenial buyers becuase when I look up "WE BUY HOUSE" that is usually what comes up. I hope I am not asking a stupid question but has anyone dealt with an investment company before?

Conny, what do you consider the right circumstances? How does your property loan process work? I may be interested.

Thanks for the good information.

hey pdawg here, im trying to get my buyers list off the ground, i advertised on craigslist but i'm wondering if i posted it under the wrong category? i put it under real estate jobs wanted. should i have put it under services instead?i have gotten a few responses to my ad but they don't seem like what i'm looking for. they all seem to be offering me different ways to make money or they want me to respond to them for different jobs. should i advertise somewhere else? i'm kinda stuck. please help.
thanks pdawg.

Hi Sistreat,

My strategy to finding buyers is looking at attending auctions and real estate clubs in my state. Calling on the for rent signs on homes. These are investor's that might be interested in buying more. Hopefully cash offers! Continued success to you.........Lubertha

have you had luck with that strategy? and if so, what questions do you usually ask them? or how do you bring up what you do to them?

Just curious...I haven't taken the attending auction yet, so just wondering...
I have been to a couple real estate club meetings, but haven't met any cash buyers yet...I know it is a good way to meet people like that...Just haven't met them yet...

I have met cash buyers online on like craigslist and the sites like that...But just wondering like I said.

Hi Marc,
I haven't yet attended an auction as a investor but as a realtor. As far as the real estate club. Most people I have talked to feels this is a great way. So I am adapting it. Wednesday will be my first meet since I missed the previous because of a death in my family. I can't imagine it being any different as when I was out in the real estate field! People are people. I usually introduce myself, offer my card and a hand shake as a greeting. The conversation starts at this point. Or some meetings they would have everyone introduce themselves and where they are from. This gives me the opportunity to take notes on who's who. So in the end I have a better direction who to strike up a conversation with. As far as the for rent signs. So far I have a good response when I call. I have an appointment tuesday with a for rent owner! Just my opinion, I feel like for me it's best that we meet face to face. I have always felt that it is harder to sell a concept over the phone. Too easy for them to say no. But to see it in black and white. In person gives you more control over it. These are people who have bought either they have had a successful experience with it or not. Either way they are a benefit to me. They should be either looking to buy more or get out of what they have! So I think this is going to be a great way for me to work my buyer's list. Don't you agree? Continued success always.......Lubertha

Some great information. Thank you everyone.

Hello Everyone!

The comments on this site are awesome indeed!!!! I have received so much knowledge from reading everyones questions and comments. Thank you all for your input!
As a newbie to real estate investing, I have a question about bird dogging. Is there a contract that should be drawn up between me and the investor with cash that i am finding properties for that will ensure i get the finders fee i am due? I've heard a promissory note works for this but i am not clear on how to fill one out in this regard. I hope i am not being redundant. I just need to get things done and want to be sure i have the right paperwork in place. Any help would be greatly appreciated.

Best of luck and love to everyone on the DG team!

Andrea

Hi My name is juan and I just want to thank everyone who of course has the time to come into these forums ans share their great information with everybody. It really is starting to feel like a community where everyone cares to make sure poeple are successfull.I am a newbie still reading the book but i have learned a lot by reading what poeple are doing that has worked for them. Their ideas are xcellent. I really appreciate it.
Thank to everyone
Tony

When you first started did you have any experience

Attend real estate auctions! Most people buying homes at auction are cash buyers or at least have access to cash. Attending a real estate auction is free and only requires the courage to strike up a conversation with one of the bidders to find out what they do. If they purchase outside of auction, they may be a great investor to add to your list!

Wish you well!

Gonna try and bump this one up to the top. I see a lot of valuable information here so take it and run with it!

Most of the buyers I have are from a list I created. I had my realtor give comps of the homes that sold in the last 6 months in the zip code I had a property in. I did a tax look up and then recorder of deeds. I then looked up if it was an llc the name of the organizer and agent of the company. Then I went to zaba search and whitepages to find numbers:) Matter of fact the buyer I have a contract with right now was from doing that.

That's some good info. I have about 4 or 5 different target areas so I can definitely rack up the buyers in those areas with that little bit of info! Thanks!

No prob I am actually working on out of state ones now that don't buy here but trying to get them to:) we will see how that goes. The reason for this is one of the people that purchased a property from us actually bought our home and fixed and sold it to an out of state investor. And another wholesaler friend of mine went to a big conference in Cali and hook up with some buyers there too. I am going to get as many as I can. I have a lot of buyers but not very many movers and shakers. All talk mostly or they don't have money LOL.

for sharing your strategy-it will definitely help me with getting buyers phone numbers from the list I have with addresses only.

Valerie

an adept Archive Diver. Thanks, Chase.

Dana...I've been reading on A LOT of OLD POSTS and I am just trying to bring a few from the bottom of the pile from time to time.....to give that extra bit of motivation or maybe that AHA! moment for someone......you never know!

I think the easiest way is to request a list from your title company of the warranty or grant deeds which do not have mortgage deeds or trust deeds recorded against the property and where the property was purchased within the last 12 months and purchased either by a person or a LLC. And where there are multiple purchases by the buyer.

you will have the buyers mailing address so go say hello.

heard though that the title company's will charge you for the list? Still unsure if this is true or not? Did they charge you when you asked for the listings?

I would record a memorandum of contract not an option. BTW if you don't buy to release the memorandum you'll need to record a quick claim deed.

Mine doesnt however I have been doing business with them for a loooooooong time. It is also as easy to jump on listsource.com and do a quick search for your area to see the count. Listsource does charge however this is a very good list to have...

Have to check them out and see what I can get! Thanks for the info!!

these comments are so helpful to my success,ty.

this up Chase. It's good to see some of the old posts resurface for the newcomers to check out. Great job!!

I have been looking for cash buyers in the Twin Cities area and Western Wisconsin. I have tried many strategies but haven't had any responses. If anyone is interested in these areas please pm me with your ionformation. Thanks!
Peggy