OfflineI just found an easy way to create a buyers list. I went to google and typed in "I buy houses" and received Results 1 - 10 of about 36,800,000 for I buy houses. That's 36 MILLION HITS. You can narrow it down to your area and you will get specific hits for that area. For an example if I type in "I buy houses NY" I get Results 1 - 10 of about 634,000 for I buy houses NY. So, try it out. This will help you get a buyers list.
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Jason
thanx for that tip, really helps! i just started out here and i can use every tip possible, so thanx again!!
and thanx to my whole new DG family for all those great forum posts! couldnt do it with out you guys!!
Hi Jack,
Go to www.dnb.com. That webiste will explain all the details about duns and bradstreet number.
Jason
Whether you plan to rehab or wholesale, you'll need to build a buyers list. These are the investors to whom you'll sell properties. If you plan to wholesale, these folks can make you very rich.
If your goal is to rehab, from time-to-time you'll come across a property you can't do because of a lack of finances. Call the investors on your buyers list and make some quick cash selling the property to someone else.
The first step is to run an ad in the paper that says something like:
Handy, investor special
Great deal for rehabbers!
555-555-5555
OR
Investor special
Thousands below market--Won't last!
555-555-5555
When investors begin calling, get their information. Take their name, number, fax, and email, and put that information in a database. Then the next time you find another deal, you'll have a list of buyers. Run your ads for sixty to ninety days. Even if you sell your property the next day, keep the ads running.
Tell the investors that the property sold; however you are working on another, and ask if you can you call them once the deal is finalized. They will always say, "yes." Our buyers list has close to one thousand names. We have been collecting them for years.
Every time we get a deal under contract, we fax and email our list and boom--the deal is gone. It's awesome! Remember, the faster you find a buyer, the faster you get paid.
Here are some sample questions to ask potential buyers:
What is your name?
What is your phone number?
Do you have a preferred area?
Can you close with cash immediately?
Can I call you in the future with good deals?
What is your price range?
What level of rehabs are you interested in? Find out if they do simple cosmetic changes like updating baths, kitchens, or changing carpet, or if they can handle major jobs such a foundation issues or fire damage
Okay, (name), this property is located at (address). I would encourage you to go look at it right away. Based on the number of calls I have received so far, it Won't last long
If you don't end up with this particular piece of property, I will call you with the next one, okay?
I need your fax and email, so I can send you information on my next deal
How many rehabs are you looking to do each year?
Are you interested in rentals?
What are your criteria for rentals?
Great! We'll be in touch!
Jason
I know this is a stupid question,but once I type in "I buy houses"on google.How do you know which is which?I mean theres alot of them.How do you narrow it down?Which ones to pick?It would be really helpful.
Thanks
Deli
A clear and innocent conscience fears nothing
Queen Elizabeth-
Thanks
Deli
A clear and innocent conscience fears nothing
Queen Elizabeth-
Jason, from the time you began this site I knew you were a go getter. Thanks for the information. After all this wealth of information offered, we could develop a magazene, for the newbies. When they talk about "live and learn", they were speaking about the DG family. We live and learn everyday. God's Blessing on us all.
Sandra
Saundra,
Thanks so much for the compliment. I try my best and I want to do well with this real estate investing. I read Deans book and joined the mentor program. I think a magazine would be great for newbies.
Keep up the good work.
Jason
Jason
Thanks anyways!!
Hi Royprncss, you will need to search the "i buy houses" in your specific area using google. You may want to try different wording like i buy houses in nyc for example.
Just start calling the some of the results and you should get some buyers from those searches. Also craigslist is good too and your local newspaper.
Jason
Jason,
that's good info, thanks for sharing this with us. I appreciate your contribution here from your experiences, as well as the others I'm sure by their responses. You're the BEST!
Psalms 118:23 "This is the LORD's doing; it is marvellous in our eyes."
I've been focusing on the pre-foreclosures that have a significant amt of equity like Dean advises. I send postcards to 5 properties that have serious potential even though I have yet to do the drive by to see if they are the "ugly" homes we are looking for. Unfortunately, I won't be able to do so 'till the weekend, but I can't wait. In the meantime, I am going to compile a buyers list. I feel sad sending marketing material this time of year with the holidays coming....almost seems cruel, but at the same time I could really end up helping someone in the end. I am taking action even though, I am a newbie and shall learn as I go along, plus the users on this site are super resourceful so I know I have a ton of advisors on my side! One step at a time. Send me lots of positive energy!!!
Posted ad on CL last night and it was flagged:(...The ad was super brief (Investor special...Thousands below market--Won't last!Send email for more info!)and to the point so I am unsure as to why it was flagged, but I placed another one up this morning that reads ..Investor Special Great residential property, single family home, great school district. email for detailed info. Sometimes ads are flagged in arror so hopefully this on doesn't get flagged and I can build my buyers list. It was only an obstacle, but figured I'd share and see if this happened to anyone else.