Building Your Real Estate Investor Buyers List
I wrote a post earlier about how active duty military members automatically qualify for our financial aid program and while I was writing it I was thinking about some of the benefits that active duty military members that actually take advantage of our offer would have over other new real estate investors that are interested in wholesaling properties for quick cash.
One of the biggest benefits is that a properly motivated active duty military member could (and should) at a minimum setup their real estate investing website or websites and start growing their list of real estate investor wholesale buyers. If I were still active duty military and looking at starting to invest in real estate and specifically to wholesale property for the immediate income benefits and experience gained by doing so I would immediately start building my list of potential real estate investor buyers. This is the list of investors that you would send any properties that you find to.
WARNING: The time to start building your wholesale buyers list is NOT after you’ve found a property to wholesale.
With your real estate investing website and email list management in place, you can start actively looking for and growing your list of other real estate investors. How? Well, I discuss a variety of ways in our training material for Real Estate Investor Bronze Members and during consulting sessions, but here are four ideas:
- Start contacting folks that have properties for sale that seem like investors and ask them if they might be interested in wholesale properties that you find. If they give you permission to add them to your notification list then add them. You can find these folks on sites like CraigsList where they would be listing properties they have for rent or for sale to other investors.
- Start networking at your local real estate investor group and asking them if they would be interested.
- As you go out looking at potential investment properties you will undoubtedly come across other real estate investors. Ask them if they’d be interested as well.
- I am a huge fan or direct mail and would also recommend mailing lists of real estate investors in your area.
Realize that the more investors you have on your list of wholesale buyers the easier it will be for you to sell your deal once you do find it and get it under contract. Having a strong list of 100 real estate investors in your local market will make your life a lot easier when you are trying to profitably liquidate your wholesale deals.
Until my next post,
P.S. Two more quick side points… first, realize that building a list of real estate investors like this requires care. I recommend tapping into our existing RSS feed as a source of articles to share with your real estate investors on an automatic basis. This allows you to keep top of mind awareness with your list while providing them quality articles for real estate investors that you don’t have to write or even remember to do. You just set it up once and it is all done for you by your email list management service and us.
Secondly, if you recommend good products or services to your list of real estate investors you can make additional money for taking the time to put this list together. For example, with the Learn To Be Rich affiliate program, you can refer real estate investors to sign up for the Real Estate Investor Bronze Membership and earn a hefty on-going part of their monthly membership fee.
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