How Big Of A Buyer's List Should I Be Building, And How?
I've called the investors out of the newspaper to build up my list of buyers. I want to wholesale out properties to rehabbers or other investors.
However a lot of them are just wholesalers too. It seems a lot of the stuff I come across they're not interested in because of different reasons like area.
How do I build a bigger list of retail investors/rehabbers?
so what kinds of deals are you chasing?
These are single family homes, sorry no commercial. Is that what you stictly work in?
I have been building my buyer's list with pre-approved owner-occupied buyers. This has opened up a whole new market for me and my company. I usually have about 50-75 people waiting on a house. I even have other flippers and wholesalers using people from my list. Most investors, including myself were surprised by the ease to buy, fix, and sell. Usual turn around time is 3 to 6 weeks. I also have another list of buyers, CONTRACTORS, they buy,fix and sell or keep.
Lori
[addsig]
Hi tinman1755,
Can you share w/us newbies on how you go about in getting your pre-approved owner-occupied buyer's list, etc...?
Thanks...
I have been building my buyer's list with pre-approved owner-occupied buyers. This has opened up a whole new market for me and my company. I usually have about 50-75 people waiting on a house. I even have other flippers and wholesalers using people from my list. Most investors, including myself were surprised by the ease to buy, fix, and sell. Usual turn around time is 3 to 6 weeks. I also have another list of buyers, CONTRACTORS, they buy,fix and sell or keep.
I put an ad in the paper. I usually get about 60-100 calls a week. I run it in 5 areas of Pgh and the free paper that you get in Downtown Pgh
I usually get calls from one ad for about 3 straight weeks.
Lori
[addsig]
I have built my Investors list primarily from Brokers, Agents and Privates. I have no problems marketing my properties. I have learned to negotiate extremely hard on my buy, then the sell is easy. I am able to get my buys primarily from Brokers, Agents, Bird Dogs and occasionaly directly with the Seller.
Once you have established yourself as a Investor, you will get calls regarding what do you have for sale or what do you want to buy.
Thanks you guys for your responses...they are quite helpful...
Just out of curiousity...How long have you guys been investing?
Are you guys seeing any changes in the industry since you've started...Good, Bad, etc?
Tinman1755,
how does your ad read to get that type of response?
Quote:
On 2004-04-05 16:56, tinman1755 wrote:
I put an ad in the paper. I usually get about 60-100 calls a week. I run it in 5 areas of Pgh and the free paper that you get in Downtown Pgh
I usually get calls from one ad for about 3 straight weeks.
Lori
What exactly does your ad say that would get pre approved owner -occupant buyers calling?
[ Edited by wmwealth on Date 04/09/2004 ]