Developing Buyers List- Suggestions?

[Eric Kennedy]

I'm working in the Bay Area, specifically San Jose California, building a wholesaling business. My current challenge is developing my cash buyers list. In order to be able to offer my clients who are selling their homes expedient close, I need to expand my list of cash buyers, waiting by to take deals as they crop up (this is assuming I do my part by locking up those deals at .70 on the dollar).

In the past it's been a shame to find a killer deal and realize that my investors have their hands full. Does anyone have any suggestions on how to take your buyers list from roughly 10 to roughly 100 in a short period of time. I'm not really concerned whether the buyers are flipping, buy and hold or wholesaling themselves. All tips/tricks are welcome.

Thanks in advance.

Eric

[Tim G.]

Originally posted by Joe Gore:

Eric,

If you are locking up, deals at 70% there is no gravy left for the flipper.

Joe Gore

On one hand I do like people giving this poor advice as it keeps me getting deals from all the poor misinformed wholesalers. But... I like a level playing field and have shown real examples in the market I operate in where a wholesaler here lost $20,000 by following this exact advice.

I don't tell people the numbers to use to buy a deal in Texas because I don't know that market.

The 70% rule in California will cost you deals, because I'll buy them at 75% and wholesale them at 82%.