Comments on: Eight Ways to Find Buyers for Your Wholesale Deals (Brought to you by Mr. Hustle) http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/ Wholesaling Real Estate Blog Sat, 11 Feb 2012 21:27:22 -0700 http://wordpress.org/?v=5983 hourly 1 By: Angelica http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5433 Angelica Fri, 19 Feb 2010 17:19:03 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5433 Thanks again. Have a nice weekend .:) Thanks again. Have a nice weekend .:)

]]> By: Stephani http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5430 Stephani Fri, 19 Feb 2010 16:37:06 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5430 Here's a video I posted about how to find cash buyers using the MLS: http://www.flipthiswholesaler.net/2009/08/reader-mail-how-to-use-the-mls-to-build-your-wholesale-buyers-list/ You don't necessarily have to pay to get MLS access. I have several friends who are agents who let me use their accounts. If that's not possible for you, you can either get your license on your own, become a Realtor's assistant (fees and requirements will vary depending on where you are located), or you can ask a Realtor to pull the info for you... I'm not sure about the bank websites as I have never used them. I would assume, though, that most of the properties on there would also be listed on the MLS as well. Have a great weekend! Steph Here’s a video I posted about how to find cash buyers using the MLS:
http://www.flipthiswholesaler.net/2009/08/reader-mail-how-to-use-the-mls-to-build-your-wholesale-buyers-list/

You don’t necessarily have to pay to get MLS access. I have several friends who are agents who let me use their accounts. If that’s not possible for you, you can either get your license on your own, become a Realtor’s assistant (fees and requirements will vary depending on where you are located), or you can ask a Realtor to pull the info for you…

I’m not sure about the bank websites as I have never used them. I would assume, though, that most of the properties on there would also be listed on the MLS as well.

Have a great weekend!
Steph

]]> By: Angelica http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5429 Angelica Fri, 19 Feb 2010 14:42:35 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5429 Thank you Steph, this helps a lot. I have another question. How do we find the cash buyers on the MLS? Do I have to pay to have access to it? I have a realtor that sends me REO and MLS listings but I can't figure out how. If we go into the banks web sites we can see the properties they have. Are these properties listed or not necessarelly ? How do we know? Again thanks Thank you Steph, this helps a lot.
I have another question.
How do we find the cash buyers on the MLS? Do I have to pay to have access to it? I have a realtor that sends me REO and MLS listings but I can’t figure out how.
If we go into the banks web sites we can see the properties they have. Are these properties listed or not necessarelly ? How do we know?
Again thanks

]]> By: Stephani http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5422 Stephani Thu, 18 Feb 2010 23:48:12 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5422 My buyers don't really care if they are REOs or not, but I always tell them it's an REO when I send them something just so they know what's going on. When I talk to serious buyers, they usually tell me what areas of town they are looking for deals in. The guys who say they want "anything, anywhere" are usually blowing smoke. That's been my experience, anyway. I would keep studying your market and looking at the sold investor comps to get a better idea of what a deal is, and then once you feel confident with your numbers, go ahead and start making offers. You don't necessarily have to have buyers lined up ahead of time- it just makes things a little easier. Hope that helps, Steph My buyers don’t really care if they are REOs or not, but I always tell them it’s an REO when I send them something just so they know what’s going on.

When I talk to serious buyers, they usually tell me what areas of town they are looking for deals in. The guys who say they want “anything, anywhere” are usually blowing smoke. That’s been my experience, anyway.

I would keep studying your market and looking at the sold investor comps to get a better idea of what a deal is, and then once you feel confident with your numbers, go ahead and start making offers. You don’t necessarily have to have buyers lined up ahead of time- it just makes things a little easier.

Hope that helps,
Steph

]]> By: Angelica http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5421 Angelica Thu, 18 Feb 2010 21:07:20 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5421 Do you tell them that your deals are REO's or it doesn't matter. I'm just starting out and the few buyers I called weren't too specific in their criteria, they said they wanted anything, anywhere... When I asked them if they would consider REO's they said yes. Any tips. I'm reluctant to make offers when the buyers I contacted are not very clear. Do you tell them that your deals are REO’s or it doesn’t matter.
I’m just starting out and the few buyers I called weren’t too specific in their criteria, they said they wanted anything, anywhere… When I asked them if they would consider REO’s they said yes.
Any tips. I’m reluctant to make offers when the buyers I contacted are not very clear.

]]> By: Stephani http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5420 Stephani Thu, 18 Feb 2010 20:51:43 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5420 Hello Angelica, I ask them what areas they are looking to buy in, if they have a minimum square footage they are looking for, what type of construction they prefer (concrete block or wood frame), and what price points they are looking to buy at (ballpark). I try to get as much info from them as possible about what they are looking for so I am not wasting their time sending them deals that don't fit their criteria. I ask them upfront how they plan on purchasing the properties and let them know most of the deals I sell have to be cash or hard money. If I sense that they aren't a real buyer I will just come right out and ask them (in a nice way) if they are a wholesaler, and let them know that I work with other wholesalers all the time. I've talked to hundreds of buyers and can usually tell pretty quickly if someone is serious or just wasting my time. Hope that helps, Steph Hello Angelica,

I ask them what areas they are looking to buy in, if they have a minimum square footage they are looking for, what type of construction they prefer (concrete block or wood frame), and what price points they are looking to buy at (ballpark). I try to get as much info from them as possible about what they are looking for so I am not wasting their time sending them deals that don’t fit their criteria.

I ask them upfront how they plan on purchasing the properties and let them know most of the deals I sell have to be cash or hard money. If I sense that they aren’t a real buyer I will just come right out and ask them (in a nice way) if they are a wholesaler, and let them know that I work with other wholesalers all the time.

I’ve talked to hundreds of buyers and can usually tell pretty quickly if someone is serious or just wasting my time.

Hope that helps,
Steph

]]> By: Angelica http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5419 Angelica Thu, 18 Feb 2010 20:43:06 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5419 Hi Steph, When you're looking for buyers what do you usually ask them. How do I know if they are the cash buyers or another wholesaler. Hi Steph,
When you’re looking for buyers what do you usually ask them.
How do I know if they are the cash buyers or another wholesaler.

]]> By: Carey_PA http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5174 Carey_PA Sat, 13 Feb 2010 23:03:50 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5174 Thanks for the videos Justin and Steph. Justin was very entertaining Steph...I hope we see more of him on your site. I loved all of his ideas and have used a lot of them. I love putting my detective hat on and along with google, 411.com is an awesome way to get phone numbers and addresses for people. Btw, for some strange reason I kinda dug Justin's hat lol Oh and Steph I'm with you in regards to the stupid bowl.....I could care less. Not a big football fan at all. I hope things went well for ya tho and that folks had their orders ready for ya prior to calling! .-= Carey_PA´s last blog ..<a href="http://www.goinflippincrazy.com/2010/02/13/from-the-worse-day-of-my-life-to-taking-a-sellers-call/" rel="nofollow">From the worse day of my life to taking a seller’s call….</a> =-. Thanks for the videos Justin and Steph. Justin was very entertaining Steph…I hope we see more of him on your site.

I loved all of his ideas and have used a lot of them. I love putting my detective hat on and along with google, 411.com is an awesome way to get phone numbers and addresses for people.

Btw, for some strange reason I kinda dug Justin’s hat lol Oh and Steph I’m with you in regards to the stupid bowl…..I could care less. Not a big football fan at all. I hope things went well for ya tho and that folks had their orders ready for ya prior to calling!
.-= Carey_PA´s last blog ..From the worse day of my life to taking a seller’s call…. =-.

]]> By: Tim (ME) http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5143 Tim (ME) Thu, 11 Feb 2010 15:10:06 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5143 I like this guy! I'm gonna friend him on FB. Thanks Steph. I like this guy! I’m gonna friend him on FB. Thanks Steph.

]]> By: Stephani http://www.flipthiswholesaler.net/2010/02/eight-ways-to-find-buyers-for-your-wholesale-deals-brought-to-you-by-mr-hustle/#comment-5141 Stephani Thu, 11 Feb 2010 04:30:57 +0000 http://www.flipthiswholesaler.net/?p=5256#comment-5141 There's nothing wrong with giving them info about the type of properties you are looking for, and you definitely want to be working on building relationships with REO agents if you plan to wholesale REOs. The only thing I don't recommend telling them is that you are planning to wholesale the properties that you get under contract, because many of them will not want to work with you if they know you are not the one purchasing the property. Which is understandable... There’s nothing wrong with giving them info about the type of properties you are looking for, and you definitely want to be working on building relationships with REO agents if you plan to wholesale REOs.

The only thing I don’t recommend telling them is that you are planning to wholesale the properties that you get under contract, because many of them will not want to work with you if they know you are not the one purchasing the property. Which is understandable…

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