Building Your Buyers List

Building Your Buyers List

One of the most important tasks you need to accomplish if you are investing in real estate is building your buyers list. This is because so many deals appear quickly, so you must be ready to make a fast transaction. The sooner you can build a reliable list of buyers, the better off you will be when acquiring investment property.

We Buy Houses

You probably have seen signs that have individuals or companies will to pay cash for houses. This can be a great source for your buyers list because they have the cash needed to purchase residential properties quickly if the price is right. You’ll need to call and ask which types of properties they are mostly likely to purchase. This is because you may run across a niche property that only certain ones want to buy. By separating the single-family home buyers from multifamily and commercial property buyers, you can start building up your list quickly.

Network in Your Area

You will want to focus on the local market and take advantage of all networking opportunities that are available. Just by listening you can find out about who is purchasing properties in your area. You can go to REIA meetings and speak with real estate agents along with lenders which will give you an idea of where you can start your buyers list. Be sure to collect business cards and make a few notes as to which buyers are interested in the properties that you want to purchase.

Social Media Contacts

There are real estate agents, mortgage brokers, lenders, accountants, and attorneys who may have buyers as part of their client list. You can find them on social media accounts such as Facebook and ask if they know someone who might be interested in making fast transactions in real estate. It shouldn’t take too long to find those in your area who invest in real estate properties. Once you gain some contacts, send them a message explaining what you do.

List of Cash Sales

Your real estate agent will have a list of those who purchased properties with cash. You can take the information and visit your city hall where they keep records of the buyers thanks to their tax payments. You should send them a letter first which tells them of your intentions. However, if they have a number to call, then that might be a good way to introduce yourself. This is because you are offer

Craigslist

Admittedly, Craigslist takes a beating for certain practices, but they are still one of the best places to find potential investors. This is a great place when it comes to building your buyers list, however you will need to do some research. The good news is that you can see the properties that they are buying. This provides you with insight into the types of properties and locations they are interested.

By using these tactics, building your buying list should occur over a short period. By having a good list of buyers, you can quickly find who you need to help you with your next investment.