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Updated over 8 years ago on . Most recent reply

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Lee Melvin
  • Fayetteville, NC
0
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Best ways to find cash buyers for wholesaling?

Lee Melvin
  • Fayetteville, NC
Posted

Hey, im wondering what is the best way for me to go about developing a buyers list for wholesaling.

Thanks

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361
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Joseph Ziolkowski
  • Inspector
  • Alsip, IL
75
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361
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Joseph Ziolkowski
  • Inspector
  • Alsip, IL
Replied

Definitely check the sticky, as well as the gazillion other posts about this. Just offhand, if you're first starting and on a budget, I would suggest

1.Bandit signs (18x24) Handwritten(cheap)

2. Ads on Craigslist/Backpage/Kijiji, etc.(free)

3. Postcards (somewhat inexpensive)

4. A classified ad in a local paper (a little pricey)

5. Drive-by's (If you see a dumpster in front of an obvious rehab, stop inside and chat up the owner/crew)

6. Have a realtor pull comps for you for all of the cash sales in your farm area for the last 6 months. Pick a price that you feel represents investor pricing and go up to that. Then get the names of the buyers and contact them. (free, but I gave my realtor a starbucks card to thank her)

7. Call every For Rent sign that you see. These are likely landlords. If not, maybe they will be willing to sell at a discount (free and kills 2 birds with one stone)

That should get you going. Hope it helps!

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