Buyer’s List

Many investors make real estate investing a more complicated business than it should be. I think there are many elements to master. We should be able to differentiate large rocks from pebbles and sand. This means that we must know what is critical to our success. If I am forced to summarize the real estate investment business, I would say: find the deal and sell the deal. In other words: marketing to find and sell. If again I am forced to choose one of the two, without hesitation I will say: build your buyer list. That is in a nutshell.

The key to all this business that we call real estate investing is having a solid buyer’s list. I must say a solid list of qualified buyers. My friend, if you have that, you don’t need to find deals. You can call and find deals that exactly match what your buyers are looking for. This is really a million dollar tip for someone who has made more than 750 transactions. Trust me, having the best deal in town won’t do you any good unless you have a qualified buyer who wants it.

I will show you 5 ways to build a strong buyer list.

1) Steps of the court

Investors who go to the courthouse steps have access to the money, don’t you think? By going to the courthouse steps, you can easily identify common investors. They have done their homework and are preparing to buy some properties. It’s about relationships. Some will not talk to you, others will be happy to give you their business card and that’s it. The approach I recommend is to introduce yourself as beginners looking for a bird dog for some properties to experienced investors. So they don’t perceive you as competitors.

2) Auctions

Believe it or not, there are many auctions in your city every month. Some are done in a property location, others in a great room. You can exchange business cards easily. And follow up later to establish a good repertoire. I would like to insist that meeting someone for the first time is not good enough. You need to hit them at least three times.

3) Home foreclosure buyers

Select your growing areas. Look at the top of the repairman for sale. An investor is going to buy it. Drive and report.

4) Section 8 Strategy.

This is a great way to find established investors. Many of these investors are using a buy and hold strategy. I found that many own corporations and LLCs. Never mind that you can still cross-reference and find the owner behind the corporation. I am convinced that real estate investing is a detective business. Be a true Colombo (played by Peter Falk) and know things that no one knows and you can help more people and earn money in the process.

5) Classified ads

You can use this strategy in three ways. You can read the classifieds in the properties for sale section. Generally speaking, investors tend to put classified ads that say “Special Handyman, Cheap, Cash Phone Number”. Or something like that.

You can read the section “Real Estate Wanted”. I found that the investors who advertise there want a better deal than I can offer them. It is not one of my favorite strategies. You should try it.
You can also put up your own ad like the above “Handyman special, Cheap, cash claim your free report on“ How to Save Thousands of Dollars by Renovating Your Property. ”With this little twist you can rob, so to speak, some readers.

He still has his real estate investor clubs to fish for.

You must rank your buyers in three lists A, B, C.

A are those who have money

B are the ones who are thinking of future buyers.

C are the rookies. You really have to take them by the hand and teach them everything.

Let’s ask me: How many buyers do you need? You really need 10A buyers. That is. You can sell two properties a year to each of these buyers. With an average profit of $ 7,000, you can add a six-figure income to your business, part-time. Now, you just have to implement these strategies.

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