"We pay cash for houses" companies/websites are a topic that come up from time to time. I decided to do some research of my own to see how viable these companies are as a buyer.
Naturally, we think these companies are cash investors. However, what I have found out is that is not always the cash, and in my sample, the was actually not often the case. Cash buyers/investors are the best kind of buyer since they don't need funding and are obviously quite serious. These are the types of buyers would we love to have snatching up our deals.
What I actually found from my sample is most of these companies aren't cash buyers. They don't tell you that, but when I looked into them I found the connections from their cash buyer website to their assignment wholesale offers. So what does this mean to you?
1) Don't always assume you are dealing with a cash buyer when you option your assignments to these places. In some instances they are looking are not looking for any deal, they are looking for motivated sellers to come to them and get a great price locked up to assign it themselves. They likely have some connections to cash buyers, but these types of websites are not the ones with the cash.
2) If these websites are marketing "cash for houses" to do assignments then it must be a strategy that works. Even if you don't have the cash yourself, but have the ability to potentially line up a cash buyer for your deals it may be worth trying to approach to attract motivated sellers with equity.
Who is Dean Graziosi?
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What Deals Are The Students Doing Right Now?
Good to know
I've always seen signs for these groups and wondered about them. This saves me some time. Thanks!
Too many
Too many of these sites are merely trying to get there hands into your profits. Whatever they are offering is not conducive to what we are trying to accomplish. That is maximizing your profits!
The main objective is obviously to get as many buyers on our lists, whether they are cash buyers mainly or buyers in general. This however is not as easy (at least for me) as it should or could be. I have had some results with land lords
and renters respectfully. I am gaining on those buyers though. there are many ways to find them so I suggest doing them all. Renters, get a list of section 8 land lords from your county, call every property management company for referrals,as well as Brokers,title company's, fsbo's, home inspectors, appraisers, doctors, lawyers, OK everyone and anyone can be a buyer. How many of these people do you know? Good hunting and much success to everyone who is truly putting forth the effort. William.
section 8
It's almost a given that a section 8 landlord is a buyer invester. you can get a list from your county web site.
Worth Remembering
This is very good information. Thanks again, Dean
Cash Buyers List
After contacting my realtor and asking for all the cash buyers listed in my hot zone we received several houses to look at but no buyers list of properties were sent with it so, we started googling and found what we now see waisted our time.
Thanks for these messages,
Gary & Sophie Barnes
Documents
Hi i just got together my buyers list and sellers list where do i find the paper work to seal these 2 together could someone help? Thanks
Buyers List
UPDATE:
We found another agent that is very hard working sending us a boatload of viable leads. We then provided the information as stated in RBB... Get a list of all the cash buyers from those hot zones. Unlike the last agent, this agent notified us by email that she is working on it and will get it out to us soon in the mist of finding us one incredible deal were trying to get locked up!
Once again as Dean, Matt and others have stated, "You have to get the right agent"!
Wholesaleing
Hi i am new to the DG family i have a deal right now that i am going to close on my own, no agent i wanted to know how much do i charge for my finders fee and how do i ask for my fee do i ask for a check. The house is selling for $50,000 Thanks
lloking for a partner
i no nothing about forecloures but, i am eager to learn. i have the funds. i need someone who is serious about real estate. thank u
cash buyer
I agree, real cash buyer can be found in the REI Club, by talking to real people face to face.
Halina
cash buyer
I agree, real cash buyer can be found in the REI Club, by talking to real people face to face.
Halina
Fast Cash Buyers
I am just begining and finding that locating these fast cash buyers is difficult. At this point not sure what will be harder. Finding the buyer's or finding the deal to assign.
Finding that many of the Real Estate Investment clubs no longer exist and or they are Real Estate agents.
Sure wish I knew a hard and fast way of finding buyers
investor group
I just found and join an investor group in my area. Will be going to my first meeting Sept 19. I'm excited and nervous. I'll let you know how it goes. Thanks, DG family for all the comments and support. And thank you Dean for making all this possible!
cash for houses
thanks dean I have seen quite a few of those sign in my neighborhood. not quite as many now say as was a couple of years ago. call one which promise to pay. had a fixer upper right out side my back window. they never bother to show up . bank got it another investor brought it the property looks brand new. with a family and kids in right now . they missed there opporunity.for a grand investment.quess they were'nt legal or real either.thanks Dean.
website Cash for Houses
Thank you for a clear look into these type of websites. Cash buyers they may not necessarily be.
Cash buyers
How do we screen them for the real McCoy? What do we ask them, I'm new, so, I ask to build my knowledge.
cash for houses website
Thank for the information.Dean
homes we buy
Im new to investing,
thanks for the warning,I know that we all make mistake,we all try to do everything thats right
espesially when monies are involved, thankyou D.G familys for the INFO's I'ts great to know!
cash buyers
Very interesting, good stuff
Awesome advice
Man its amazing what a different point of view can do. My wife and I are very new to investing and as of yet hadn't even looked at these sites that way. Thanks for the heads up and in the future we will put up a site like this
Still interested in a partner
I'm a Atlanta wholesaler and I'd be interested in chatting send me a PM...and at the least just find out what we both are capable of.
Take Care..
reply
what types of questions should one ask? and home work as well? just a few simple examples would be appreciated.
reply
good idea, you seem like a realist, and a good one thanks, this will definantly go in my notes...
great timing
just found one these did not know what to think about them thank you now I don't need to waste my time
cash for houses
are there any legitimate websites out there
we are them
they are doing what we want to do, they just stick to this one method...so we really do have to build our buyers list first, of real cash buyers, then work with them later.
Home4Cash WOW!
Thank you Home4Cash on your posting.
Extremely helpful. I believe that all
of us need to realize we need to listen to our "gut" and know that things that are too good to be true, generally are. Just because we all decided to go into
real estate investing doesn't mean the money is just going to be dropped into our laps. We need to get our butts off the couch and do some work!!! Research, network, and get involved. What I liked about
your posting is it continued to give me a blueprint. just like Dean's book, 30 Days to Real Estate Cash.
THANK YOU!
Trisha
AGAIN
Thank you D.G. Family and Mr. Graziosi for all you folks do for us.
Great info
God bless you
Add us to your buyers anf sellers list asap