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User Stats

19
Posts
0
Votes
Sidney Shannon
  • Real Estate Investor
  • Bristol, PA
0
Votes |
19
Posts

Building a buyers list

Sidney Shannon
  • Real Estate Investor
  • Bristol, PA
Posted

Hello everyone,

What is the best and lest expensive way to build a rehab buyers list? I would like to start flipping wholesale deals in my local market. :D

User Stats

90
Posts
8
Votes
Alan Brymer
  • Rental Property Investor
  • Richmond, VA
8
Votes |
90
Posts
Alan Brymer
  • Rental Property Investor
  • Richmond, VA
Replied

There's a best way and a least expensive way:

Least expensive way:

Make a list of every investor you find in an excel spreadsheet or Outlook Contacts:

* Houses for sale in classified ads that have words like "lease/option" and "renovated" or other signs that it's an investor selling it. Call these guys and get their contact info.

* Contact info on people listing houses in Craigslist.org or Kijiji.com

* People who put up Stop Foreclosure or We Buy Houses Signs

* People you meet at REIA meetings

* People who respond to your For Sale ads and signs

The best way:

* All of the above, plus doing some internet marketing to get people to fill out an opt-in form on your website to be on your buyer's list.

This takes some time to learn and some money to get a site with autoresponders, but is totally worth it in regards to the time it can save you. There's a chapter about this in the book This Market Stinks, where Sam Bell talks about how he does it.

User Stats

40
Posts
1
Votes
Bill Jur
  • Real Estate Investor
  • Philadelphia, PA
1
Votes |
40
Posts
Bill Jur
  • Real Estate Investor
  • Philadelphia, PA
Replied

Placing ads on Craig's list and Kijiji.com
and also attending R.E. investing meetings.

Bill

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User Stats

885
Posts
315
Votes
Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
315
Votes |
885
Posts
Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
Replied

What are some catchy ads you guys use for Craigslist? I've posted a couple in my area and got no responses.

User Stats

5,023
Posts
2,573
Votes
Curt Davis
Agent
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,023
Posts
Curt Davis
Agent
  • Flipper/Rehabber
  • Memphis, TN
Replied

Mark, you need to add symbols and different things in front and after the post for example:

----====Investment Property For Sale====----
//////////Investment Property For Sale\\\\\\\\\\\\\

These are just a few simple examples.

  • Real Estate Agent TN (#00321765)

User Stats

18
Posts
1
Votes
Chris Jacob
  • Bowie, MD
1
Votes |
18
Posts
Chris Jacob
  • Bowie, MD
Replied

A few faux ads, on free advertising/classifieds sites such as craigslist.com, and Kijiji.com as the poster above mentioned will have investors contacting you.

Networking at local REIAs has also worked well for me. But by far the websites above have helped me build my investor database the most.

User Stats

3,208
Posts
1,439
Votes
Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
1,439
Votes |
3,208
Posts
Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
Replied
Originally posted by Mark Yuschak:
What are some catchy ads you guys use for Craigslist? I've posted a couple in my area and got no responses.



Mark, I've posted fake properties on craigslist before. What I did was took an old pic of my house and created an ad on postlets.com b/c they have a quick link to craigslist tab and I used catchy words like, 'rehabbers special' rehabbers dream' 'investors only, needs major work'................Now I know that's a little mis-leading however I did receive calls from the exact guys/girls I wanted calling me. I didn't receive a lot of calls but the calls I did get were serious rehabbers/buyers and thats all that matters.

User Stats

15,745
Posts
10,939
Votes
Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
10,939
Votes |
15,745
Posts
Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Not 100% moral, but a great idea and it doesn't hurt anyone!

  • Will Barnard
  • User Stats

    120
    Posts
    15
    Votes
    LeJon Ratchford
    • Huber Heights, OH
    15
    Votes |
    120
    Posts
    LeJon Ratchford
    • Huber Heights, OH
    Replied

    This seems to be sold advice, I will begin using some of these ideas immediately. Thank you gentleman.