Wednesday, April 14, 2010

Finding Cash Buyers

Here are some tips I picked up from Mark Walters...

One way to find Cash Buyers is to research recent sales in the area you're investing in. You may need the help of a Realtor or title company to do this.
  1. Find recent sales in a 1-3 mile radius of neighborhoods you're targeting with your marketing.
  2. Dig a little deeper to find which ones were purchased WITHOUT FINANCING, as these are CASH BUYERS.
  3. Find contact info for these people and then contact them to see if they're interested in buying more property in the area.
  4. If so find out what their criteria is and then target properties that fit what they're looking for to flip to them...Rinse and Repeat.
Here is another method:  FOR RENT properties.  Call the number on the sign or the ad and ask the owner/landlord these questions:  1) are you looking for more rental properties; 2) do you have any rental properties you would like to sell: 3) do you know anyone looking for rental properties; and 4) can I place you on my VIP Buyers list.

When you have a stable of these cash buyers you have the foundation for a THRIVING real estate business!

If you have additional thoughts or ideas, please leave them in the comment section.

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