Quote from @Bob Stevens:
Quote from @Anthony Beasley:
Quote from @Bob Stevens:
Quote from @Anthony Beasley:
Hello everyone, I am a new local wholesaler here in Cincinnati and building a cash buyers list and I want to know some good questions to make sure they’re legit with funds and closings. Any ideas on what to ask?
You are going about it backwards, just find the deal the money will find you. But to answer your question just vet them. What is the address of your last purchase, what net cap are you seeking. I can tell you in under 20 seconds if someone is real, also get a bank statement
Good luck
@Bob Stevens I appreciate the feed back thank you and I got it noted.
I had " a buyer" tell them they wanted props in Cleveland. He said his criteria was 10 acres or less and 500k or less, I should have hung up, right then. Well I entertained him a bit. I asked what the last address of the prop is you purchased, he could not remember " as we do so many deals ". I then asked for a bank statement, he sent me a " chase " acct with 10.4 mill I then laughed and hung up. Totally FOS,
Good luck
@Bob Stevens I was texting a out of state "buyer" and he told some similar stuff to what you just shared, he said he needed "a property that was built before 1940, 1000+ sq ft, 225k max price point, ARV 275k", and he provide to send me a letter of POF from straight line funding it said that he had 2 million in liquid funds not really sure if he was really a cash investor.