5 Easy Ways to Build Your Buyer’s List (plus free form)

Hi Patrick,

Thank you!

-Jared

I just want to say thanks for all the knowledge you pass on. I know alot of it but I know most people don’t share the real pertinent information that I think you do. Kudos.

Hey,Patrick..great info, my question is do you find buyer(s) first and then the deal or find the deal first and then
the buyers? and when does the attorney comes into the Deal? Thank you,JK

Thx Patrick for the awesome video. Can this work for REO’s too. If not how can I wholesale REO’s if I don’t have the money to buy them? They are the biggest money maker hear in the Metro Detroit area. Any suggests will be helpful.

I’m working on a possible 2 foreclosures now. i’m a realtor. Should i contact Investors now or when i get a okay from the Bank to liost?

Dear Staff,

Hi there! In honor of all those who have lost their lives, this is National Cancer Month. My name is Sharon Z, a single senior and cancer survivor. On a pitance of a pension, in the midst of seasons of cancer treatments and in between being sick, I studied real estate investing. I knew that ”if I wanted something different, I had to do something different”. Today, I have a little team of investors actively ”in the hunt” here in Washinton State.
Relatively speaking, I am the ‘new kid on the block’. Even so, I have had the opportunity, priveledge and blessing to ‘sit at the feet’ of many who have forged the RE investing trail ahead of me. Based upon what I have just witnessed in this teaching minute, Patrick Riddle is among the new up and coming teachers within real estate investing.
Blessings, Sharon Z
Integrity Group LLC

hello patrik, thanks for your info, I’m a newbie with literally no cash, can i still do these wholesale deals and make offers with no money up front? if so how? do you know any investors that will loan a small $5-10k loan so i can get started?

nothing better than free training but i personaly need some kind of funding source ( made easy ) to get started will get me going , so that i could make my first couple of deals – then i would ok im thinkin … roke

Great tips PRid keep them coming

Hi Patrick,

I recently recv’d the link that you have which allows us to use in generate leads from craigslist. I’m not internet savvy at all. Is there anyway you can walk me through the steps to set that up. Thanks

P.S. Great to the point way of how to go about building a buyers list. Most people dance around it instead of just making it easy for novice investors.

My question is if you are going to wholesale a property, first i put my offer in lets say to a bank on a REO nd at some point my offer is accepted so i have a property tied up. Is there a average time before i have to go to close on the deal, i must have a buyer in line waiting if i use transactional funding, that is my consern to beable to get the funding i have to have a end buyer to do a double closing or i can’t close which does not look good to the bank or the realestate agent i would go thur to buy the property. Am i right on this and thats why you have a large buyers list so you hopefully have a buyer that would like this one. Again the time from acceptence of the offer and the closing is my question Thanks Fran

Looking to do multible deals yet there r many claims about doin that if u want to invest ur shirt if its lagit attach a fee to the first five deals an walk them through them.

Thanks for all the awesome comments guys and gals… we appreciate it!

Ok, now to your questions…

John… I recommend you do both at the same time. So, start scouting out deals and building your buyer’s list at the same time. I just posted a new tutorial on clauses to use in your contract when wholesaling… make sure to check that out. One of the clauses in particular will allow you to contract the property and try to wholesale it, without any risk. And to your second question… the attorney or title company comes into the deal when you’re ready to close… when you have the property under contract and the buyer is ready to close.

James… yep you can wholesale REOs too. I’m not the expert on that subject… you should check out Stephani Davis’s blog Flip This Wholesaler. She focuses on wholesaling REOs. i prefer to negotiate direct with the seller. So, I like working with non-listed properties. Then, you can easily put a property under contract and include an escape clause, so you don’t have anything at risk… even your earnest money.

Carolyn… go ahead and contact the potential investors now. This is a relationship business… so go ahead and start building good relationships with your investors.

Sharon… one of my cousins was recently diagnosed with cancer and given an 18% chance to live. And now after a couple treatments, the cancer is 100% gone! Amazing! She has 4 young children too. Congrats on your successes despite your hardships, and thanks for the kind words

James… yes, you can wholesale deals even if you don’t have any cash. The easiest way to do so is to find motivated sellers who do NOT have their properties listed, contract them with an escape clause (check out the new tutorial I just posted on clauses to put in your contract), and if you don’t find a suitable buyer, you can walk away. No need for a small loan to get started.

Roke… we have tons of free training that teach you how to easily get funding here and on our other blogs under the “other resources” in the side bar.

Malik… here’s a link to a video that will walk you through how to post that ad on Craigslist…http://www.mustknowinvesting.com/2009/10/31/how-to-get-free-motivated-seller-leads-we-buy-houses-craigslist-ad/

Fran… the average time frame that you have to close on a traditional (listed through a Realtor) transaction is around 30 days. You’re right… if you don’t close the deal within the time frame it will not look good to the bank or to the agent involved. So, work on building your buyer’s list using the tips above so that you can easily find a buyer and even a back up.

David… in our mentor program, we walk students through deals.

… again, thanks everyone for the comments and questions

~ Patrick

Your info gets better and better. This was right to the point and very helpful. Thank you very much. Mary

Awesome Mary… thanks for the feedback!

~ Patrick

I am new to the real estate game. I want to begin wholesaling, but don’t know where to begin? HELP!!!!! What do I tell buyers to get them to work with me?

Thank you Patrick, great info as always.

Patrick I just wanted to thank you for all of the fantastic information your teaching. This is best, and I definitely needed to be in the know. I’m a New investor and I plan to purchase your program in hopefully the not to far off future. I’m totally motivated to succeed in this market and your tutoring videos and info has given me the extra hope & push I needed to succeed. So thanks again for taking the time to inspire and encourage people like me to shoot for the stars!!! Take care and please keep them coming….

Shella Stephens