Time wasters and tire kickers

[Kevin Cornuelle]

I just recently agreed to show somebody properties who by my estimation seemed legit. He told me he wanted to invest in buy and hold rental properties. I then began to ask for his pre approved financing or proof of funds. He said he had a year old pre approval and a 6 month old pre approval. I then said I would need an updated one which he got me in his fiancées name which I guess should have maybe thrown up some red flags but she was there with us  which I thought made it legit. 

After showing some properties I followed up the next week and he began to tell me that he felt the economy and housing market was slowing down and was not comfortable in “releasing his capital” 🙄

If that was the case why did he waste my time thinking he was ready invest? He probably felt that way about the economy the whole time. What do I do about these people or what should I say to him. Please let me know your thoughts it’s greatly appreciated!