VIP vs STANDARD Buyers Lists

[Andrew Oliveri]

I often hear about importance of creating a 'VIP Buyers List' and a 'Standard Buyers List' for wholesaling deals.

But I am unclear who would fall into each category.  And perhaps maybe the more important question is - Why not just have a 'VIP list' which would be comprised is potential cash buyers who can definitely provide funds?

Why bother with a less important list at all?

thanks for your feedback.

[Greg Dickerson]

Originally posted by @Barry Pekin:

@Andrew Oliveri,

I'm just starting out, and I'm working on building my buyers list along with everything else.  I've met people who are definitely VIP buyers and some who are perhaps just getting started and maybe haven't worked out the funding thing yet.  I don't plan on ignoring the potential diamonds in the rough (everyone had to start somewhere), but I am going to be damn sure not to ignore my VIPs.

Don't exclude people because they're not VIPs.  Some of them may make great deals with you and some my be future VIPs.

I agree completely here. It doesn’t cost anything extra to send out deals to everyone on your list. You want to develop relationships with your go to buyers that will take multiple properties and give them a first look but after that send out to as many people as you can. You never know who may end up being a whale just waiting for the right deals. Just make sure you get proof of funds, non refundable deposit all’s and solid contracts with drop dead dates to close.