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Published byMalcolm Griffin Modified over 9 years ago
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REI ETUTOR Creating a Buyer’s List
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REI eTutor Why Create a Buyer’s List? Have buyer’s ready to purchase Eliminates extended marketing time Enables investor to make a more accurate offer Creates more opportunities
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Creating a Buyer’s List REI eTutor Differences Between Buyer’s Lists Wholesale Buyer Retail Buyer Lease Purchase Buyer
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Creating a Buyer’s List REI eTutor Wholesale Buyer Purchases properties using cash Ability to close within 1 to 2 weeks Buys properties 20% to 40% below ARV
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Creating a Buyer’s List REI eTutor Retail Buyer Purchases properties at market value or slightly below. Pre-Qualified Specific in interests
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Creating a Buyer’s List REI eTutor Lease-Purchase Buyer Purchases properties at market value Minor credit issues – ability to resolve within 2 years Down payment for option.
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Creating a Buyer’s List REI eTutor How to Create a Buyer’s List CraigslistBandit Signs Public RecordsWebsite Squeeze Page Website ForumsTitle Companies FacebookHard Money Lenders REI ClubsCourthouse Foreclosure & Tax Deed Sales We Buy Houses WebsitesSection 8 Landlords ClassifiedsFamily SeminarsFriends
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Creating a Buyer’s List REI eTutor Craigslist For Sale Email all ads offering foreclosure services, lease options, creative financing, etc. For Rent Email all for rent by owner or by realtor RE Wanted Email all individuals looking to buy or rent properties (except people looking for a handout) RE Services Email anyone offering any type of foreclosure or real estate service.
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Creating a Buyer’s List REI eTutor Public Records Option #1 – Request a cash buyer’s list from the count clerk for the past 6 to 12 months. Option #2 – Manually research all cash transactions within the past 6 to 12 months using your county’s property appraiser website. No cash sales available? No problem. Search for sales in general
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Creating a Buyer’s List REI eTutor What are we looking for? Track all individuals or companies (excluding banks) who purchased two or more properties. Mail a yellow letter that you sell homes 20% to 40% below market value and if they would be interested in being put on your mailing list. A sample letter can be found in the Documents section of REI eTutor.
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Creating a Buyer’s List REI eTutor Forums Join multiple REI forums and blogs Contact other members in your area Email site moderator.
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Creating a Buyer’s List REI eTutor Facebook/Social Media Utilize Facebook, LinkedIn, etc. to your advantage. Let family and friends know what you are doing. Create viral messages, not ads. Build an REI based profile
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Creating a Buyer’ List REI eTutor REI Clubs and Seminars Networking is key Don’t treat peers as competitors Let people know what you have done or are planning to do.
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Creating a Buyer’s List REI eTutor We Buy Houses Websites Search for all “Web Buy Houses” websites in your area. Email site stating that you are a local investor and if they are ever interested in buying.
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Creating a Buyer’s List REI eTutor Classified Ads Post Ads to free online classifieds General Ads stating “We Buy Houses” Ads geared towards looking for buyers. See our sample ads in the Document section of REI eTutor Respond to classified ads Rental Ads Real Estate Wanted
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Creating a Buyer’s List REI eTutor Bandit Signs Check with your town to see ramifications of posting signs Title Companies Call and ask if they know of any buyers Hard Money Lenders Call and ask if they know any buyers A Phone Call Always Receives a Better Response than an Email
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Creating a Buyer’s List REI eTutor Your Own Website Developing your own website is crucial. Have a separate squeeze page for buyers and sellers. Provide a company description of who you are and what you do. References are key!
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Conclusion REI eTutor REMEMBER Every Offer Does Not Result In A Deal But Every Deal Is The Result Of An Offer
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