Looking for cash buyers

[Raymond Pritchett]

Hey BiggerPockets fam, I'm very new to wholesaling and have been looking for deals in the Tennessee market virtually.I may have found my first deal to put under contract.The numbers are good with room for a more than enough rehab budget and was wondering how I would find a cash buyer in an instance where I have no boots on the ground.I know this question may have been asked a million times already but I would love to learn all different perspectives on the process.Thank you

[David Darling]

Raymond, Go to your local REIA (Real Estate Investors Association) with handouts (color works best) about your deal. If your deal numbers work, you will have many, many interested buyers. Get their phone numbers and follow up with them the next day. On the PDF have the property info, ARV, repair estimate, and comps.

Nowadays, I call a buyer to see if they are interested, text or email them a PDF of the deal, and give them 24 hours to respond. Be firm about the 24 hours. If they don't get back to you, go to the next buyer. Let them do their due diligence to see if your numbers work for them. 

I never needed to build a buyers list because, after 3-6 months of attending my local REIA, I had 6-8 investors who would buy all my deals. Be sure to rotate your deals with your core group, so everyone knows you are being fair and not just giving all your deals to 1-2 people.

[Eliott Elias]

A good deal will sell itself, post on your local Facebook investor page and call up 10 realtors who have clients looking in that area.