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When wholesaling houses, you must have a ready source of cash buyers for your properties.
Here are a few ways to find cash buyers for your houses:
1) Build a buyers list
Regardless of where potential buyers come from, you must send them to your website to view property details.
You must ensure that each person leaves you with their name and email, preferably before they can view property details. Next time you need to sell quickly, just send them an email with property listings for a quick sale.
A good real estate investor web site that permits you to activate a squeeze form to collect name and email before they can view property details will be very handy in this. Such a website is suggested at the bottom of this article.
2) Sources on the internet
In this day and age, advertising your property for sale must begin online. An excellent place to start is Craigslist.com. Again, your goal must be to get them to view all property details from your website directly. Of course, even though someone may not necessarily buy, they will probably join your buyers list and be potential future buyers.
3) Newspapers
I built my first mailing list by advertising on newspapers. advertise houses for sale in your local newspapers. Instead of advertising a phone number, you put your website address.
Of course, the goal is for them to join your buyers list as they come to view the houses you have for sale on your website.
4) Local meetings
This is a sure way of getting house buyers with cash right where you buy and sell houses. I always make sure I get as many business cards as possible, and always ask them if I can put them in my buyers list so they can receive a list of the wholesale houses I have for sale.
They always accept.
These people have cash ready to buy the next cheap house they find.
5) Responding to local classifieds
Call all We Buy Houses ads posted in your local newspapers and magazines. Call all investor related ads in your local newspapers and magazines. Tell them you buy houses and regularly wholesale cheap deals to other investors.
They will be keen to give you their contact information so they receive your deals as soon as you get them.
6) Networking with professionals
Chances are you come across lots of houses for sale that you cannot buy because the owners are looking for retail prices. I am sure you come across people selling houses you cannot buy because they retail price. Refer these deals to real estate agents. Send these deals to realtors. Refer such deals to a realtor. Pass these deals to a realtor. In turn, they always come across houses that cannot be sold because they need too much repairs and they would be happy to refer such deals to you.
Mortgage brokers can also refer deals to you if you send them business.
With these few sources, you are likely to sell your houses fast and get that cash flow going.
