How to build a buyers list Fast?

Question

Hello, I dont have any problems with finding deals, the problem comes when I talk to sellers over the phone I dont want to lie to them saying I have buyers when I don't, since I want to have more credibility I'd like to have at least 70-80 buyers.

Do you guys believe placing bandit signs would be a method to build a buyers list quickly? (Im not typing what kind of buyers im looking for, so feel free to answer with whichever method you use to bring in buyers)

Thanks

Scott E. · Answer

You do not need 70-80 buyers to be a successful wholesaler. Start smaller. Try to build a list of ~10 buyers, and target homeowners in neighborhoods where those 10 buyers are interested in actually buying. As far as I understand, bandit signs are not legal in most areas. Although you do still see people break the rules and put them up (they get taken down pretty quickly). I'm a cash buyer but I don't think I've ever called on one of these signs (and I've driven by a ton of them). If I were you I'd spend an afternoon looking at every house that's for sale in your area and every home recently sold in your area, and pick out the ones that were obviously flips. Then contact the listing agent and let them know that you are a new wholesaler and trying to build a list of cash investors. These agents will happily put you in touch with their clients if you bring a deal (because they will likely be getting the listing once the flip is completed).

Eliott Elias · Answer

Finding the buyer is equally as important as finding the deal. You need to have a relationship with your buyers, call them frequently, even when you don't have a deal.

Edward Zachary Samperio · Answer

Hello, It's great to hear that you're actively finding deals, and looking to build a credible buyers list to support your real estate investing efforts. As you mentioned, it's important, to be honest, and transparent when speaking with sellers, and having a strong buyers list can help build credibility and establish trust in the industry. One effective way to build a buyers list quickly is by utilizing various marketing methods such as bandit signs. Bandit signs are a cost-effective way to attract potential buyers and investors to your business. You can place them in high-traffic areas such as busy intersections, near shopping centers, or on street corners. Make sure your signs are eye-catching and provide a clear message about what you're offering, including the type of properties and investment opportunities you have available. Another method to build a buyers list is through networking and referrals. Attend local real estate investment clubs or industry events and connect with other investors, agents, and professionals in the field. Networking can help you build relationships and gain access to potential buyers with similar investment goals and interests. Additionally, you can reach out to your existing network and ask for referrals or recommendations for potential buyers who may be interested in your deals. You can also leverage online resources and social media platforms to build your buyers list. Post your investment opportunities on online forums, real estate investor groups, and social media channels such as LinkedIn, Facebook, and Instagram. You can also use paid advertising such as Google ads or Facebook ads to reach a wider audience and target specific demographics or interests. Finally, it's important to ensure that your buyers' list is up-to-date and segmented by specific criteria, such as location, investment type, and investment goals. This will help you tailor your marketing efforts and provide targeted investment opportunities to potential buyers. In conclusion, building a strong buyers list is crucial to your success in real estate investing, and there are several methods you can use to attract potential buyers and establish credibility in the industry. By utilizing a combination of marketing methods, networking, and online resources, you can quickly build a credible buyers list and support your investment efforts.

Patricia Steiner · Answer

Anyone who claims to have 70 buyers on standby is automatically perceived as not credible. Bandit signs - think of the name itself - will get you a local citation for littering and whole new crop of scam callers. What you need is a focused business plan. Going after sellers BEFORE you have determined what your potential client may have an interest in is like trying to sell aluminum siding to a guy in a brick house. Step back and ask yourself some serious questions - starting with 'do you know what you're doing or are you just doing?' It's not a dig - it's a refocus/directional play. Who is your potential client - and why you and not someone else? Is it a flipper who thinks only off-market properties are good - or is it someone you already know who trusts you and wants to get into the business of real estate. I hope you'll shut down all the noise and do some serious thinking, list making, more. It will be the difference between working hard yet failing - or working smarter, more focused and getting business.

Jacob Hornberger · Answer

Join real estate investing Facebook groups in your area and post in there. Also, local REI meetups always have people looking for deals.