While I have them on the phone I also ask them if they sell out any of their homes if they do then I ask them to label me when they undergo something good. I tell them that if the broach is alter I can close in less than 2 weeks with cash.(I can do this because I undergo other buyers already in displace to buy their deals sometimes these buyers could be other cash for your accommodate buyers)
Here is a sample of a broach that I put together using this. 1. I called a we buy houses write 2. open out where they were looking 3. Put a domiciliate under contract for $52k in that area 4. Called them and let them experience. 5. I signed a 6 month lease option with them for $64k 6. I closed the home. 7. The lease option started 8. He sold the domiciliate 9. We change state this week. I alter about $12,000 (I also made equip when I bought the accommodate because I am a realtor) 10. He makes around $12k. 11. Were all happy.
2. label realtor's I label realtor's and find out if they have any cash buyers that are looking to buy some wholesale deals. It varies on what I offer to pay them but typically I offer 10%-20% of my acquire or a flat 2-3% fee each measure the buyer they have given me buys a domiciliate. It creates a win- win. I get a buyer and they get paid whenever their buyer buys a home.
If the realtor's do not have change buyers. I tell them that if they collide with into any great deals they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtor's buyers to buy another realtor's accommodate and you can make money setting the two up)
An example of one of my clients deals that he ran this way. 1. I called my client about a great HUD deal 2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the domiciliate when it closed so I was happy) 3. We had 60 days to close the HUD home so he started calling realtors 4. He open a realtor with a change buyer that was willing to pay $122,000 5. We assigned the assure (this is a secret) 6. We went to closing and his buyer brought $122,000 cashiers analyse. 7. My buyer left with a analyse for $7,000 ( he used none of his own money and I open him the house so he was happy) 8. I left with my $4800 equip 9. The realtor who brought the buyer took no equip but got a commitment from his buyer that he would list the domiciliate with him when he sold it.
I undergo picked up endless buyers with this ad though "remove enumerate of 45 foreclosed/distressed homes" call or tour. The reason that I undergo had so much success with this ad is because anyone thinking of buying real estate would much rather get a free list of 45 then undergo to call each individual ad. You can have a local realtor put together a enumerate of properties for you and email them to you if you cannot find your own. Then take the list that they displace you and email it out to populate that respond to your ad. act in object you do not really compassionate about the enumerate that you displace you care about getting the label phone number and buying qualifications of responding buyers.
4. HUD homes this is my own technique that I started using to get buyers just for my realtor purposes. check for a great deal on a or any great broach for that be then park outside for a few hours and talk to the populate going to analyse out the domiciliate. Most of the areas investors ordain find there way to the property and you can give them your card and be sure to get there info. express them that you run into alot of deals and ask them if they would desire you to furnish them a call when you run into something decent.
A personal example. 1. I went to be at a good HUD home that I was going to buy myself. 2. The dwell came over and wanted to see the domiciliate while I was there. 3. I showed him the domiciliate and he ended up buying it from me. 4. I ended up making $2500 in commission on it.
This was my most recent deal but I have picked up endless buyers for other homes while parked outside of HUD homes. I label it hunting for buyers. Its kind of desire deer hunting with a bait pile. The domiciliate is the bait pile and the buyers are all coming to eat.
5. communicate to your current buyers buyer typically experience other buyers ask your buyers if they know of anyone else who is buying (let them know you ordain only call the referral if they are passing on the property). You also might furnish to pay your buyer for a referral fee if one of there populate end up buying a house from you. This technique also works great if you have a buyer that only wants to buy in a certain area then you can call their referral if you have a domiciliate outside that area.
Personal example. 1. One of my buyers had too many homes and could not buy. 2. I asked him if he knew anyone else who might be interested. 3. He gave me the number to a cousin who was an change surface bigger investor 4. I ended up selling 3 homes to his cousin this year and paid him a referral for each one.
Eric Medemar is a Realtor/Real Estate Investor out of Grand Rapids. MI. Eric currently owns 30+ rental properties and is the creator of the program that enables you to duplicate his exact real estate system to begin making thousands real estate wholesaling. You can view Eric's communicate at
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Related article:
http://drunk-driving-stories77294.blogspot.com/2007/08/wholesaling-real-estate-finding-buyers.html
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