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Finding Cash Buyers (the Real Big Fish in REI)

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Finding cash buyers is a task most neophyte real estate investors find daunting. This is pretty understandable for investors who are still struggling to break into the lucrative market of short-term real estate investing. In REI, having a network of buyers and sellers is crucial and neophyte investors know this.

This – the lack of sellers and buyers list – however, should not deter your from carrying on with your deals. Cash buyers are present in today’s REI market. All you need to know is how to find them. Finding cash buyers is not as difficult as splitting an atom.

The first thing you need to do is to determine what public record registers the recent real estate sales in the neighborhood where your property is located in. It could be the tax roll. Search for properties bought by cash. Get the name of the buyer, especially if he has bought more two or more properties over the past few months. Contact the guy and tell him that you are into rehabbing or wholesaling houses. Most likely, that cash buyer is an investor as well. He is your big fish.

Tell the big fish that you can feed him with lots of more houses and use your negotiation skills from there. If you still don’t have a real estate investing buyers list, start building one now. List the name of the big fish and look for other big fishes in that area.

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