Strategies for finding Cash Buyers
Hello
My Name is Eliott Harris, just started wholesaling because i want financial freedom. So far i have 1 deal under contract.
Any tips on how to find Cash Buyers?
Most Popular Reply
Mindi Rosser
In my market, most direct lenders know of someone who does private money lending so I’ll do a general search for “lender” in Miami and skim each of their profiles to see if it says anywhere that they also do private lending.
I typically do not reach out until I have a solid deal to present to them. I used to use each of my deals to acquire more buyers because in my eyes it is the best way to establish credibility. The minute I put a REAL (not wholetail) DEAL under contract I would reach out to each of them with a PDF presenting the property, the comparable sales within 0.25mi, pictures, and a full rehab estimate from my contractor.
I also welcome any criticism on my analysis and urge others to ask for feedback on your deal. It will help you analyze future deals from the perspective of a seasoned investor.
Sorry if I over delivered your simple question. Best of luck!