Advertisement! Start out with a few requirements. 1st Must be able to qualify for X amount of loan. 2nd Must have down payment.And so on. Do you get the picture? Hope I have helped you. Just remember YOU ARE IN CHARGE!They will jump through YOUR hoops! Sincerly Darrell
The type of homes that our out there can could be for sale are listed with realtors on the MLS (multiple listing service), also for sale by owners, homes for rent could be a possibility as well as vacant properties.
There are several ways to start marketing for a buyers list and also finding other investors that are interested in buying. By driving neighborhoods, looking at printed materials, using the internet and working with realtors.
You will also want to advertise your business. "We buy houses." "Stop Foreclosure, sell your home and save your credit." "We buy houses up to 95% of value fast."
You can be looking for wholesale buyers this is anyone that is looking to invest and buy properties at a discounted value.
Retail buyers are anyone that is just looking to buy their own home.
If you are looking to find wholesale buyers you will want to call on any advertisement that says "We buy Houses!" "Do you need to sell your home? We can help." "Bank Stealing your home? Stop Foreclosure NOW!"
You can also find wholesale and retail buyers by referrals. You will also want to be networking and going to investment clubs in your area like www.creonline.com. Handing out business cards to everyone you come in contact with will also help advertise your business and get you referrals.
Below are some different questions to be asking to qualify a buyer.
What is their criteria of homes are they looking for? Number of bedrooms, bathrooms, amenities ect...
What neighborhood are they interested in?
What is the price range they are looking for?
What is your profit margin?
Have much repair work are they looking to do cost wise?
How much earnest money do they have available or down payment?
Have they been approved for a loan?
Investors are they going to pay with cash?
How soon can they buy?
Do they need to sell another house first?
What is the most important to them? Size, price range, location?
Type of property? Mobile homes, SFR (Single Family Residence), multi-family?
How many deals to do a year?
I hope that this has been able to help you out.
all good advice here, what particulary helped me put my BUYERS LIST together the most and was the most COST effective was like jhincley said call on those AD's in your local newspaper: "WE BUY HOUSES" "STOP FORECLOSURE NOW", etc. Now there are going to be Investors that aren't the "REAL DEAL"- They are WHOLESALERS, Not "REAL REHABBERS" you will have to "weed these guys out" to find out who really can fund your deals and CLOSE. By asking this question- "how fast can you CLOSE"? you should be able to tell, because thats a POWERFUL question, if they say, "i'm not sure" or "i can close in a month" thats NOT your guy, if they say: "i can CLOSE normally in a WEEK to a WEEK and a half". Thats your guy
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Advertisement! Start out with a few requirements. 1st Must be able to qualify for X amount of loan. 2nd Must have down payment.And so on. Do you get the picture? Hope I have helped you. Just remember YOU ARE IN CHARGE!They will jump through YOUR hoops! Sincerly Darrell
The type of homes that our out there can could be for sale are listed with realtors on the MLS (multiple listing service), also for sale by owners, homes for rent could be a possibility as well as vacant properties.
There are several ways to start marketing for a buyers list and also finding other investors that are interested in buying. By driving neighborhoods, looking at printed materials, using the internet and working with realtors.
You will also want to advertise your business. "We buy houses." "Stop Foreclosure, sell your home and save your credit." "We buy houses up to 95% of value fast."
You can be looking for wholesale buyers this is anyone that is looking to invest and buy properties at a discounted value.
Retail buyers are anyone that is just looking to buy their own home.
If you are looking to find wholesale buyers you will want to call on any advertisement that says "We buy Houses!" "Do you need to sell your home? We can help." "Bank Stealing your home? Stop Foreclosure NOW!"
You can also find wholesale and retail buyers by referrals. You will also want to be networking and going to investment clubs in your area like www.creonline.com. Handing out business cards to everyone you come in contact with will also help advertise your business and get you referrals.
Below are some different questions to be asking to qualify a buyer.
What is their criteria of homes are they looking for? Number of bedrooms, bathrooms, amenities ect...
What neighborhood are they interested in?
What is the price range they are looking for?
What is your profit margin?
Have much repair work are they looking to do cost wise?
How much earnest money do they have available or down payment?
Have they been approved for a loan?
Investors are they going to pay with cash?
How soon can they buy?
Do they need to sell another house first?
What is the most important to them? Size, price range, location?
Type of property? Mobile homes, SFR (Single Family Residence), multi-family?
How many deals to do a year?
I hope that this has been able to help you out.
all good advice here, what particulary helped me put my BUYERS LIST together the most and was the most COST effective was like jhincley said call on those AD's in your local newspaper: "WE BUY HOUSES" "STOP FORECLOSURE NOW", etc. Now there are going to be Investors that aren't the "REAL DEAL"- They are WHOLESALERS, Not "REAL REHABBERS" you will have to "weed these guys out" to find out who really can fund your deals and CLOSE. By asking this question- "how fast can you CLOSE"? you should be able to tell, because thats a POWERFUL question, if they say, "i'm not sure" or "i can close in a month" thats NOT your guy, if they say: "i can CLOSE normally in a WEEK to a WEEK and a half". Thats your guy
YOUR HERO, SULLY