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Updated 2 days ago on . Most recent reply

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Mostafa Khalifa
  • New to Real Estate
  • Alexandria, EG
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How to find real interested cash buyers?

Mostafa Khalifa
  • New to Real Estate
  • Alexandria, EG
Posted

I want to know how to find cash buyers? i just started wholesaling and am afraid to get a property under contract and then waste it because i couldn't get a cash buyer on time. I got properties under contract before so am confident that this is not going to be a problem. So i want to know how to actually get cash buyers who are interested and serious so i could waste the least amount of time possible? 

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Drew Sygit
#5 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
5,522
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Drew Sygit
#5 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Mostafa Khalifa something to think about - if I brought you a deal at 50% below the market value, would you be interested in buyng it?

Of course you would!

So, if you get an actual deal under contract, why are you worried about finding a buyer?

Put it on Facebook Marketplace, here on BP Classifieds, whatever other social media platforms you're on, etc.

Worse-case, put it on the MLS (a problem if you are NOT an agent, but then find one to work with!).

Every wholesale trainer tells their newbies to go build a buyers list because:

1) They also tell you to hit up this list for potential listings

2) You need someone to market marginal deals to & hope someone's desperate/ignorant enough to buy them

Know this, at least 80% of the offerings from wholesalers are NOT deals an investor should buy. Many, are stacked two or three deep with various newbie wholesalers all trying to get a piece of the action.

Find ACTUAL deals, advertise them properly and the buyers will find you!

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