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Find Cash Buyers for Wholesale REOs | RealEstateInvesting.com

April 23, 2014

Find Cash Buyers for Wholesale REOs

If you need to find cash buyers for your REO wholesales read this article.

Interested in wholesaling REOs to cash buyers? If you are then this article is for you.  It goes over how to find cash buyers and how to find what they are looking for so you don’t waste your time.

 

In this article, I will show exactly how you can find cash buyers and also what you need from them in order to become effective at finding REO houses that meet their criteria.

It’s particularly important that you see this as the most important step in the process. As hard and harsh as it is to say, without cash buyers you are nothing; they are the lifeblood of your REO wholesaling business. Without them, you will be risking your own money and credit as you will see throughout this article series.

It’s also important that you remember that your target cash buyers will be both rehabbers and landlords. The rehabbers will be looking to purchase, fix and sell properties whereas the landlords will be looking to buy, fix and rent the properties. In today’s current market, there are a lot more landlord buyers than any other kind of real estate buyer available.

There are all kinds of different ways to find cash buyers, but I will provide you with two different ways that you can do with very small expenditure on your part.

These are the two ideas how you can find cash buyers :-

1. Create a Craigslist Ad- The great thing about this is that it doesn’t cost you a cent! All you have to do is post an ad on craigslist explaining what you are looking to do and how you can help out the potential cash buyers to find great deals. You can also get the same letter that I use in my business by visiting the link below. Not in a rush? No problem, you will receive that letter during the second installment of the video series provided.2. Hang bandit signs- In all my experience at REO Wholesaling, this is by far the fastest and easiest way to find lots of cash buyers fast. All you have to do is get some blank 18×24 yellow corrugated plastic signs and hand write the following message on them.

Handyman Special

3 Bed / 2 Ba CHEAP!

987-654-3210

You can also get a free Google voice number to add to the sign to add to your professionalism. If you hang 50 to 100 signs your phone will ring off the hook I can assure you!

Once the cash buyers start to contact you, you will want to find out the following information from them:

1. What type of properties are you currently buying?

2. What locations have you recently purchased properties in?

3. What price range do you currently purchase properties in?

4. How fast can you close?

Once you have the following answers to these questions you will be ready to move onto the next step, which is to start finding properties. In the next article I will show you how to start finding REO properties without spending a cent.

In the meantime, I suggest you start searching for cash buyers and implementing the strategies discussed in this article series- you won’t be disappointed!

About the Author

Use these simple and easy to follow tips in order to Find Cash Buyers for REO Deals. Get my Free 4 Part video series on Wholesaling REO Houses to Cash Buyers here.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Jamel Gibbs



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Use these simple and easy to follow tips in order to Find Cash Buyers for REO Deals. Get my Free 4 Part video series on Wholesaling REO Houses to Cash Buyers here.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

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