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Updated over 12 years ago on . Most recent reply
Target market by zip code
I'm looking for a way to find percentages of cash transactions in the last 3-6 months by zip code without using a Realtor. My thought is if i can find the zip in my area with the highest amount of cash transactions that will be my target market for wholesaling. I've heard several other investors use this method but cant find the info online. Any suggestion would be very appreciated.
Most Popular Reply
Why are you looking for highest percentage of cash buyers? 20 recent sales with 10 cash sales is 50%. But an area with 300 sales recent sales of which 100 are cash sales is only 33% but a more active market. The variables that make it desirable for your end buyers have to do with favorable all-in prices when compared to rents or retail re-sale values. It's those areas that will have lots of cash buyers.
That being said, unless you work an area that is really remote, really undesirable or really high end, you are not going have a problem finding cash buyers in this market. They are everywhere and they are hungry. I suggest focusing on finding an area and learning to solve problems so you can reach sellers no one else is reaching