A few months ago I was sent an MLS listing of a house in my town. Normal prices on these houses are 200K and up. It was an REO listed at 87K and you can imagine the feeding frenzy that took place. By the time I wanted to make an offer on the property, the listing agent closed off any new offers since they had close to 20 for the bank by then and it was sold soon after. Well yesterday, I decided to drive by the house to see what had been done to it since it was a major renovation project. The house looked really great and there was a "For Sale by Owner" sign in the front.
So here's how I found a buyer for my buyers list. I called the number and asked the lady how much they were selling it for. She said they had already sold it for 235K. So I asked, "Are you looking for other properties that are in need of repairs?" She said her and her husband are always looking for their next deal so I explained that I come across houses that I would like to assign to other investors as long as its profitable for both of us. She said, "WHAT A GREAT IDEA, I have no problem with that!!" So we had a long conversation and now I have a buyer for my list.