Where to find Cash Buyers in your area?

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Where to find Cash Buyers in your area?

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Earth · Member since 2011 · 12 posts · 1 vote

also does anyone knows how to get a Free list of cash buyers in your area?

anyone sharing buyers list in the Indianapolis In. area?

whats the best way to find cash buyers with little to no money?

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Will BarnardPro Member
Moderator
Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
14y

Actually, there are ways to get free buyers lists of all-cash buyers, the only cost is your time (which in my book is also money).

How you ask? Look up public records of previous closings that closed all-cash. You can get such info from teh county recorders office, from a RE agent, or a title company.
You can also take a trip down to the courthouse steps where teh trustee sales happen, they are all cash buyers. You can also go to other auctions to find them.

Also, use BP. There may be BP members who are cash buyers in your area.

Podcast Guest on Show #130
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  • Account Closed
    OP
    Earth · Member since 2011 · 12 posts · 1 vote
    14y

    Hello all! Dos any know how to get a FREE list of Cash Buyers in your area?

    0Reply
  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    14y

    Sheka,

    There is not, you will have to pay for a buyers list. I have places I could suggest for you but considering you dont have the funds I wont suggest them. Good luck

    Curt Davis - KAIZEN Realty538 Reviews
    WebsiteView Page
    0Reply
  • Cora Bennett
    Real Estate Investor · Kissimmee, FL · Member since 2011 · 4 posts · 1 vote
    14y

    Just curious, how much does a buyers list cost?

    1Reply
  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    14y

    Actually, there are ways to get free buyers lists of all-cash buyers, the only cost is your time (which in my book is also money).

    How you ask? Look up public records of previous closings that closed all-cash. You can get such info from teh county recorders office, from a RE agent, or a title company.
    You can also take a trip down to the courthouse steps where teh trustee sales happen, they are all cash buyers. You can also go to other auctions to find them.

    Also, use BP. There may be BP members who are cash buyers in your area.

    Podcast Guest on Show #130
    10Reply
  • Andy M.
    Investor · Farmington, UT · Member since 2011 · 314 posts · 179 votes
    14y

    Will is right, just put in the time and you get it for free. I do this about once a year. Get on the MLS and search for the big REO agents cash sales, write down the date sold and address. Then go to the county recorder to check who the buyer was. Note the ones who have bought 4+ properties this year then go find them. Hint: go to their last purchased property, if they aren't there then their crew will have the bosses number.

    This is also a good way to see who experienced cash buyers use for private money, you might be able to call up their lenders as well. You will definitely learn a lot from this exercise and I recommend all new investors do it. You might even find a local investor that sees you work hard and are serious and they might just mentor you.

    6Reply
  • Mike Nelson
    Wholesaler · Washington, D.C · Member since 2011 · 449 posts · 94 votes
    14y

    I actually was able to get the information from my counties website. I was able to search the recent sales in the area, i usually go back 3 months. I look for LLC's those are your cash buyers from there I go to my state corporation commission and search for the LLC. From there I will do a reverse look up in YP and get the buyers information or mail a letter telling them I have properties below market value.

    Some people may think this is time consuming but mind you I had good luck with this. I was able to find five cash buyers in markets in other states and I have wholesaled 5 properties doing this just this past month.

    Good Luck

    9Reply
  • Account Closed
    OP
    Earth · Member since 2011 · 12 posts · 1 vote
    14y

    Thank you all for you inputs, and they are really helpful.

    I do have another question:
    How do you approach a tittle company when your a wholesaler?
    Because they seem not to know what I'm talking about?

    0Reply
  • James H.
    Investor · Fort Worth, TX · Member since 2011 · 1k+ posts · 450 votes
    14y

    Call the title company and explain that you are planning to start wholesaling and you just want to know what procedures you would follow with them once you are ready to push a deal through. If they don't understand, or don't have time to (basically train you for free) just call another one until you find one who can help. I would study up and try to be as familiar as possible with the process before bothering professionals to help with the details. Their time is very valuable to them and they won't want to waste their time fostering a relationship with you if you sound incompetent about what you are trying to do.

    1Reply
  • Tim G.
    Rental Property Investor · San Diego, CA · Member since 2011 · 1k+ posts · 1k+ votes
    14y

    Like Will said, courthouse steps. Local REI meetings, network network network!

    0Reply
  • Michael Quarles
    Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
    14y

    I know you asked for free however .15 cents a name is almost free isnt it?

    Finding cash buyers is actually easy... Search listsource for properties purchased within a period of time as absentee owners who didnt record a deed of trust.

    Then when you pull the list have excel tell you the duplicate mailing addresses..

    Those are the people who are in the game.

    It is well worth the effort as it takes about 10 minutes tops... So 200 names cost 30 bucks..

    Good luck

    8Reply
  • Account Closed
    OP
    Earth · Member since 2011 · 12 posts · 1 vote
    14y
    Originally posted by Cora Bennett:
    Just curious, how much does a buyers list cost?

    Hi Cora and others, to add to all your great ideas and suggestions;

    I found a great site to buy cash buyer and private lender lists. It's only a 3-5 cents per name.

    If you want to check it out it's at
    www.cashbuyerlists.com

    0Reply
  • Tim G.
    Rental Property Investor · San Diego, CA · Member since 2011 · 1k+ posts · 1k+ votes
    14y

    Sheka,

    The other thing I should have mentioned. If the deal is good enough, buyers will appear. Its just getting the message out to them. Still, a solid list never hurts anyone. I'm building one myself so this is all great info.

    0Reply
  • Danny Day
    Developer · Houston, TX · Member since 2008 · 488 posts · 121 votes
    14y

    I have had much success on craigslist finding cash buyers.

    Danny

    0Reply
  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    14y

    Folks, please, this is thread is NOT a request for buyers. I've already removed two posts asking for Sheka to put them on her list. That's the Promote Your Real Estate Buyers List forum. This is a request for how to find buyers.

    1Reply
  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    14y

    Way to drop the hammer Jon!

    Podcast Guest on Show #130
    0Reply
  • Brian Falkenberry
    Real Estate Investor · Pensacola, FL · Member since 2009 · 1 post · 1 vote
    14y

    Hey Sheka,
    Here's a way to find cash buyers. Contact your real estate agent, or network with one (if you don't already have one) and ask them to pull the listings of all cash sales in the last 6 months in your area. This will serve two purposes, 1) find cash buyers and 2) show you the "hot spots" in your local area. Then just look up the property address on the Tax rolls and voila. Of course, you can always just buy the lists...

    1Reply
  • Account Closed
    OP
    Earth · Member since 2011 · 12 posts · 1 vote
    14y
    Originally posted by Will Barnard:

    Also, use BP. There may be BP members who are cash buyers in your area.

    Hi Will! and thanks so much for the information. I wanted to ask you What is BP?

    Than you all once again very very very helpful information!

    0Reply
  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    14y

    BP is the site you're posting in now. It stands for Bigger Pockets.

    0Reply
  • Michael G.
    Wholesaler · Bay Shore, NY · Member since 2009 · 359 posts · 199 votes
    14y

    Don't pay for a buyers list.

    You are just starting out and it would be a huge waste of your money when its so easy to build one for free...

    When I had to fatten up my buyers list I went to my favorite realtor and had them run a report of all the short-sale and REO properties in zip code xxxxx knowing full well that the buyers of these properties will probably be cash rehab investors.

    I took that report to the county clerks office and looked up the deeds for those properties which gave me the purchaser and their address. Some of those same purchasers had bought several properties for cash in the last 12 months.

    I then sent them all a form letter stating that I have come across fixer properties and to call me to discuss future fixer's I may come across. These were not tire kicker's.

    These were people (alot of them were listed as corporations on the deeds) who are in the game.

    So when they call I collect cell phone numbers, email addresses, what type of houses they like and what price range so I have all the right info when I come across a deal.

    3Reply
  • Angelo Gianni
    Indianapolis, IN · Member since 2014 · 1 post · 0 votes
    11y
    Originally posted by @Mike Nelson:

    I actually was able to get the information from my counties website. I was able to search the recent sales in the area, i usually go back 3 months. I look for LLC's those are your cash buyers from there I go to my state corporation commission and search for the LLC. From there I will do a reverse look up in YP and get the buyers information or mail a letter telling them I have properties below market value.

    Some people may think this is time consuming but mind you I had good luck with this. I was able to find five cash buyers in markets in other states and I have wholesaled 5 properties doing this just this past month.

    Good Luck

    Mike, do you mean you got your info from like a .Gov? If so, which resource tab did you search under?

    0Reply
  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    11y

    Go to auctions. The buyers there are generally investors prepared to close in 30 days. 

    How do you approach a tittle company when your a wholesaler?
    Because they seem not to know what I'm talking about?

    You are clearly going to the wrong title companies. Most title companies deal with homeowners buying homes to live in. You need to find the title companies that investors use. They already know exactly what you want to do.

    Networking with local investors is the way to find them. This is also a great way to find buyers. Network by visiting real estate investor groups, real estate auctions, stop at every rehab you see, talk to REO agents etc. The more you grow your network - the more your network grows.

    0Reply
  • Jay Walcott
    East Stroudsburg, PA · Member since 2015 · 22 posts · 10 votes
    11y
    Originally posted by @Mike Nelson:

    I actually was able to get the information from my counties website. I was able to search the recent sales in the area, i usually go back 3 months. I look for LLC's those are your cash buyers from there I go to my state corporation commission and search for the LLC. From there I will do a reverse look up in YP and get the buyers information or mail a letter telling them I have properties below market value.

    Some people may think this is time consuming but mind you I had good luck with this. I was able to find five cash buyers in markets in other states and I have wholesaled 5 properties doing this just this past month.

    Good Luck

     I'm taking this advice, I'm building my list as we speak in Harrisburg.  While do that, i'm finding absentee owners, and putting them on a list.  Is it time consuming?  HELL YEAH!  lol but is it worth it?  HELL YEAH!  lol The bigger your list is, the better.

    1Reply
  • Nick Zocher
    Wholesaler / Real Estate Agent · Oakland, CA · Member since 2016 · 115 posts · 17 votes
    9y

    @Michael Quarles

    Hey Michael, I didn't see a way to filter for "no deed of trust" on Listsource..can you advise?

    0Reply
  • Cody Evans
    Wholesaler · Fairfield, CA · Member since 2017 · 472 posts · 145 votes
    8y
    Originally posted by @Andy M.:

    Will is right, just put in the time and you get it for free. I do this about once a year. Get on the MLS and search for the big REO agents cash sales, write down the date sold and address. Then go to the county recorder to check who the buyer was. Note the ones who have bought 4+ properties this year then go find them. Hint: go to their last purchased property, if they aren't there then their crew will have the bosses number.

    This is also a good way to see who experienced cash buyers use for private money, you might be able to call up their lenders as well. You will definitely learn a lot from this exercise and I recommend all new investors do it. You might even find a local investor that sees you work hard and are serious and they might just mentor you.

    Reviving this old post! What a great resource as well as comment by you. Thanks so much

    Is it pretty much mandatory to use the MLS system that only agents have access to in order to receive good results or do sites like realtor.com and zillow work just as well?

    0Reply
  • Jose Castillo
    Flipper/Rehabber · Springfield, MA · Member since 2016 · 641 posts · 204 votes
    8y
    Samuel Velasquez hope this helps
    0Reply
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