Starting Your Ultimate Wholesale Buyers List

When building a buyers list, the first thing that a wholesaler should consider is how to get a broad collection of different types of buyer. It is important to have a buyers lead for every scenario of property. You can have a list of seasoned cash buyers who all likes high end rehabs but what if you are not able to find the criteria of a property they like to invest? A list of 5,000 prospects can make a more dime than 100,000 potential buyers it all comes down on how you build your list.

A good way to start out your list is to run an ad in the local classifieds. You can start your campaign like “Fixer Uppers”, “Deep Discounts” or “Financing Available” together with your phone number. An ad like this will surely get your phone ringing! This is also an excellent opportunity to talk to calling investors about their experiences, what location they prefer to invest, how they pay their homes, what’s their exit strategy and more. It’s important to know the investor you are dealing with.

Newbies and contractors can be your best buyers too by using hard money lenders in your area you can bring a deal that takes a lot of work to a contractor and provide them the loan to do the deal in a way that you are helping other novices how to get their first deal done. A good deal, a new comer investor and a hard money lender is a golden profit just waiting for you to put it together.

Another excellent strategy is to find buyers to call in “for sale” ads. In most cases, a “house newly renovated” ad is owned by an investor who just bought and fixed the property. You can call the seller and ask to confirm. If it’s a real buyer then you can add it to the right category of your buyers list. If you can learn more from the “fore sale” ads then you can anywhere else in real estate investing, and as long as you investigate carefully you’ll get to know the players in your area as well as the areas they invest.

There’s always a buyer in every market. You just have to keep digging up, monitor and refine to achieve your Ultimate Wholesale Buyers List.

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~ by lester jainar on October 29, 2009.