Building a Buyer's - Tips?

[DJ Baker]

Hi everyone. REI is very new to me and as excited as I am to get started, I want to be sure I am set up correctly. I am looking at wholesaling for the obvious reason...low buy in. Every 'guru' I hear on YouTube is saying to get a deal first and find a buyer later, but that feels unethical to me and I'd rather have a good list of vetted buyers before I start calling leads. I have an LLC and I am also going to work on building up my business credit so I can actually have the funds to buy out a property if a deal with a buyer falls through, but I have to start somewhere and I'm willing to hustle. I am starting out with little capital here so obviously I'll have to perhaps find a JV (?) to get started and to help me build out some buyer lists. I am trying to avoid the $5k programs and learn better by doing.

I am hoping the REIs can give me some recommendations for finding and vetting serious buyers by listing some things I should looks for and questions to ask. I am sure many buyers don't want to deal with new wholesalers because of what we don't know, I get that, but I am sure there are some that are willing to work with a newb if they feel they are serious and willing to go about this all the right way.

So, any recommendations on how to build a serious buyers list from scratch? What questions to ask or what to look for? Any red flags to watch out for?

I truly appreciate any insight.