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Updated over 10 years ago on . Most recent reply

User Stats

322
Posts
238
Votes
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
238
Votes |
322
Posts

How to really find buyers!

Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
Posted

I know there is nothing that I could possibly come up with that has not been done before, but I really want to share this idea. My business partner and I were having some trouble finding a buyer for one of my wholesale deals that we have. Thankfully he is experienced and I am learning the in's and out's of investing. He got on the MLS and found all the cash buyers within a mile radius of where our property sat. Sure enough we had 2 inquiries and after talking to two different buyers I was able to get a purchase agreement signed. We would have been lucky to get 2k off of this deal. We were even wondering if we could sell this house. Experience pays off and we found a buyer who was willing to accept our asking price with no negotiation! Wow! I am just so thankful for BP to have linked up with such great people in my area who really want to help one another out. Really we all are in competition but the comradery between the Indianapolis group of real estate investors that have come together because of BP is incredible. So, if you think you just have to settle on what you will wholesale a deal for or if you think you need to accept the first buyer that shows interest in your property-think again! We will be able to split a decent amount because we bought it right, and we left enough "meat on the bone" for the next person. Here's to the BiggerPockets Indy group-Salute!

Most Popular Reply

User Stats

322
Posts
238
Votes
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
238
Votes |
322
Posts
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
Replied

@Patrick Britton my business partner sent letters to them. Then they called me about the details. A letter was sent saying that we understand you have bought properties in this area and we thought you might be interested in a property that we have for sale in the same neighborhood. You would have to have MLS access and choose cash transactions in last year or six months in the area you are working in. It was a great strategy and I believe we will continue to use this as often as possible!

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