and friends, and reach out to related professionals you know, like lawyers, mortgage brokers, and financial planners. You can also go to more traditional networking events. • Search the newspaper for ads from people paying cash for houses. • If you already know hard money lenders, ask them if they (or others they know) are interested in buying. • Call the numbers on the “We Buy Houses for Cash” signs. Just explain what you do, ask what they’re looking for, and see if it feels like a good potential business relationship. • Join all related investment and real estate groups you can find, whether it’s online or in person. Whenever you make a new contact, connect with them quickly, learn exactly what they’re looking for, and stay in touch, even if you don’t have a property that fits their needs at the moment. A trusting relationship is just as important as a good deal. Keep in mind that while a good list is important, sometimes all you need are a few investors to make your wholesaling a success. That way, you’ll always have people who want the kind of properties you find. One potential obstacle to overcome is that many investors will want to work only with wholesalers who have experience. If you’ve been doing this a while, be sure to have a portfolio you can show them. This can be a website showing all your deals — both past and present — so it’s immediately clear you’re serious about wholesaling and they can count on you to find good deals.
Cash Buyer Advantages
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