5 ways to build a buyers list

All great sources. Especially the rental signs. Much success to you..........Lubertha

Yea the conference call a few days ago is what gave me the idea. I'm sure there's more ways to getting a buyers list, but these are good enough for me for now lol.

One of the best sources for a buyers list is your local section 8 office. Call your local office or visit them and get a list of the local landlords in your area. This will give you a large list of people who are active in real estate investing and are potential buyers. Again, once you have the list contact each investor and talk to them and try and get a feel for what types of properties they are looking for. On a side note, you may also be able to find a burnt out landlord that would be willing to sell you their rental property or properties at a discount. So not only can this step help create a buyers list but you may also generate a few good leads from this easy step.

Thanks for the information keep it going see you at the top.

What should I ask now?

You should get the following information from the buyer:

• Email address
• Company Name
• First and Last Name
• Company Address
• Preferred Phone
• Fax Number
• Type of property they are interested in: Single Family, Multi-Family, Commercial
• Approximately how much capital are they working with?
• Are they interested in loaning money on mortgages?
• What level of Rehab are they comfortable with?
• How many transactions have they completed in their career?
• How often do they buy property?
• What's their price range and profit margin they expect?
• How much equity they're looking for?

This even works for assigning properties?

Thanks for the information you have been a big help

Yep it sure does, whether or not you want to birddog or assign the deals to your buyers list, it doesn't matter, the choice is yours to make.

And no problem, I'm just lending a helping hand that's all. Because that's what the DG family is all about lol.

Good luck to you on your real estate endeavors!

What is the section 8 office? Is it at my local tax office?

Great post! Interesting info...

Yuri

Thank you so much for this information. I also wanted to know if I should ask the buyer (investor) if they pay a finders fee for bird-dogging services and if I should tell them how much i expect for my service or is it better to find out how much they pay for the service.
Also how would i be able to get paid up front before a closing. Do I have them sign an assignment contract if i am bird-dogging?
Thanks for your help.
Much continued success to you.

Andrea

Hello, I'm working on my first deal. Here it is, I have a foreclosed property that i got at a great price, It needs some rehabbing but my buyer has no problem with that. The only problem is that his regular mortgage company won't give him another loan becAUSE he has 3 other properties already. How do I go about finding someone to get him a loan for $35,000 so that he can buy the property from me and rehab it and flip it in 6 months? BY THE WAY, IF ANYONE IS INTERESTED OR HAS ANY BUYERS IN ARIZONA, I HAVE 3 OTHER PROPERTES I AM WORKING ON THAT ARE FORECLOSURES AND I AM GETTING THEM AT A GREAT PRICE TO TURN AROUND AND SELL TO A BUYER.

I have heard this info before but i like the way you lay it out. I actually copied it and pasted in google docs(word). I spread out each bullet so i could write under them and it became a handy interview sheet so i don't forget to ask something when I'm on the phone. After I'm done on the call i can copy what I've learned onto my buyers list and file the sheet away in case i ever need a backup. Thanks

awsome idea thanks for the tip makes life alot easier

dianne89,

A Section 8 office is usually part of the Department of Social Services. It is a state run office. Section 8 is the term used for a program when the state pays for a person/family's housing (due to very low or no income) via a voucher system and the state pays the rental fee directly to the landlord. This program may have other names in other states. In MD it is the Section 8.

Hope this helps.

Verna (newage8767)

myoho1--

I see know reason why you can't include those additional questions in the interview to the buyers. After all, you need to know if the buyer can meet your needs as well. Just remember what they say: "He who speaks first loses control." Don't tell your amount first. Find out what he pays for bird-dog fees how he pays on assignment contracts.

You need to know these things so when you have a property you can try to use the buyers who are willing to work with you under the terms that you need. Find the buyers who will work with your criteria and these buyers should be at the top of your buyers lists. This is one of the reason you create a buyers lists, so you can go first to your "best" qualified buyer with the deal!

I'm new to DG, but it is my intention to work with buyers who are willing to pay me prior to closing as much as possible. That way I don't have to wait as long to get paid. Also, since I have completed my deal once I have gotten the assignment contract and really don't have a reason to attend a closing. If you wait until the closing to get paid, your payment has to be included with all the other payouts on the HUD 1.

Hope I was helpful.

Verna (newage8767)