Buyer Bucket

Dean, matt, and Ms. Hague all say 5-8 good qualified cash buyers. I have several more but am just starting too

Yes, I just saw your post about 100 buyers calling you, wow, that's amazing. I need to go back and see what your response was. My realtor mailed me a list of cash buyers for three communities in our local area and there were 68 of them which I thought was fantastic. Now I have to see and contact them over the next few day to see how many of them actually qualify as buyers for what we are doing but I was really encouraged this morning. Well, I wish you much success and prosperity!
Kerstin

Hi, Kerstin!

As Louis points out, you really need just a few to several SOLID buyers that buy properties regularly. It would also be nice to have several more that buy less frequently but DO buy once in a while.

I am relatively new to wholesaling, too. Let's make this happen, Kerstin!!!

Matt Inomata

My Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/125169...

Thanks and I agree wholeheartedly LET'S MAKE THIS HAPPEN!!!

Is I believe the number. You, however, can always be working on your buyers list. Ali Safavi says to spend 85-90% of your time working on your buyers list. So it is the number one thing to do! Still, it is quality over quantity. I know Michael M is always telling the best way to qualify is when a Cash buyer when say they want one of his properties, that he then has them sign a non assignable contract that features a non refundable earnest money deposit. If they do this he say, "BUYER HAS BEEN QUALIFIED!!"

It depends upon how much you have any it is a great business to start but with great bucks.

You are on the right track! 5-10 is a good number to start with. With 5-10 you now have leverage and you are in a stronger position to get a deal done. It only takes 1 to do a deal but you increase your odds of getting a deal done by 5 - 10. Work smarter not harder! Always continue to add to your buyers list. You'll end up with a handful that you'll work with regularly but it never hurts to have a strong network to draw from. Dean teaches... You have to be good at 2 things, 1. Finding Buyers and 2. Finding Deals. Start with 5-10 then you can start looking properties and making offers. Never stop adding to your buyers list.

Karen