Wholesaling real estate is a fantastic way to get started with real estate investing.
However, one thing you must know before venturing into real estate wholesaling is that the “wholesale buyers list” is the fuel that drives this business. Without it, all your marketing efforts might be fruitless.
As the middleman between the investors and house owners, this accumulation of contacts will be your most valuable asset.
Simply put, a buyers list is indispensable, and this raises the question: How do you construct a list of potential buyers, and where do you find them? In this post, you’ll learn everything you need to know about building the ultimate buyers’ list.
Getting started with real estate wholesaling
The very step in building a buyer’s list is to create a landing page.
Put together a simple website where visitors and potential investors can see who you are, review some compelling information and reason why they should be on your buyer’s list, and probably add themselves to your list.
The secret here is to create a polished landing page that will make the world know you have some incredible real estate deals for grabs. Follow Up Boss has an interesting article about how to convert visitors via a real estate landing page that you can draw insights from.
How to build the ultimate buyers’ list
To construct a reliable list of buyers, you’ll need to explore both online and offline tactics. Here are some proven ways to find cash buyers and create the ultimate buyers’ list.
1. Consult local realtors
Your real estate agent has a lot of connections in the community and can help you build a good list of potential buyers. That’s because they work with all sorts of people, from attorneys to investors to land surveyors, etc. and can recommend you to potential investors.
2. Check Out Bandit Signs
You see these signs everywhere.
A bandit sign is a white sign with a sort of printed information such as “A House on Sale,” or “We Buy Houses for Cash,” and then a phone number to be reached. You can use these signs to find potential buyers. For example, if you have a house under contract, you can distribute over fifty signs throughout your local market.
3. Use Craigslist
Visit Craigslist.com and look for “real estate for sale” in your city or “we buy houses” ads and you’re likely to get a huge list of investors who might be interested in your property. You can then reach out and let them know you’re in wholesaling business and would love to work with them to find them great deals.
Attending networking events in your area is a great way to build a healthy list of potential buyers. From auctions to local REIA (Real Estate Investor Associations) to networking groups, these events often have potential buyers that you can add to your list.
5. Free promotional strategies
There are many promotional strategies that you can use to build a reliable list of buyers.
For example, you can join Facebook Groups, especially those geared towards real estate investing or participate in community voluntary work, and if given a chance, take the time to introduce your business.