Building a Cash Buyers List When You're New and Using the List

[Kimberly Farrally]

Hi all.  We're trying to get into the Real Estate Investment Business here in Kansas City.  We want to start with wholesaling to build up our cash funds before moving to bigger stuff.  From my research I found that it's a good idea to have a cash buyers list of about 20 before you start trying to find motivated sellers.

I read that's it's good to use craigslist, title companies, hard money lenders, mls and REI groups to help build this list.

But, how do I go about asking if I can put them on my list when I don't have any properties yet? 

Then, when I do get a property, do I just email blast it to everyone on my list? I was told you should also have an estimate of the rehab and an idea of the ARV. So, if I email blast them, then do I just attach all this information up front? I want to make sure I'm going about this professionally so that people will take me seriously, especially since we're new to this and don't have the experience history to rely on.

Thanks!

[Bill Kennedy]

 I would recommend you get started. If waited to go to work once all the lights are green you would never leave the house.

A buyer will do their own due diligence so I wouldn't  worry about the details because they may see things differently than you.

You should start as soon as you can trying to find deals. That's the hard part once you have a deal then someone will want to buy it.

You can add me to your buyers list. 😀