Building a Buyer’s List – Training Lesson 30

Wholesaling properties or selling/assigning the agreement to an investor or buyer is much more straightforward if you have a list of buyers able to buy or take over your deals.  It is among the more vital things you can accomplish as Real Estate Bird Dog or investor. If you are a real estate property finder that plans to make some cash finding properties or sooner or later wholesale houses, you really need to start building an inventory  now.

Do not wait until you might have a property under contract to start building an inventory of possible investors or retail customers that will be excited by offers which you find. Building a buyers list takes time and may even take some money. Why not avoid wasting money and start building your buyer’s list by using low or no cost strategies.

1. Submit Ads on Free Classified Advertising Internet Sites

CraigsList is the largest classified advertising {web site|website online|website|site. (I refuse to use backpage.com anymore because of their permissiveness in permitting child prostitution promotions on their site.)

2. Answer To Ads on These same Classified Adverting Websites and online Newspapers

There are different investors listing ads to sell their offers. You can give them a phone call or send them an e-mail to introduce your self to them.

3. Bulletin Board Posts and Bandit Signs

This is one of the best|probably the greatest|a top-of-the-line|the most effective|among the best|among the finest} technique I use to find buyers.  I use aIJust use a piece of 12 ×18 light colored corrugated plastic signs and write on them with black or crimson permanent marker that I have a cheap house for sale.

In the event you’re going to be using signs, be sure to take a look at your local ordinances, as some spaces have restrictions on where signs can be located.

4. Give a Call to all the For Rent ads in your preferred neighborhoods

If a person owns a house for rent they are likely an investor that may want additional houses.

5. Contact your Buyers Immediately

Keep in contact with your buyers on a continuous basis and if you have a deal get in touch with them quickly.

6. Network at Actual Property Investor Affiliation Conferences

We’ve discussed this many, many times in earlier real estate birddogging articles.

The above strategies are only a few ways in which you can get started building your buyer’s list. Get Started Now.

One of the major keys to being a successful “Real Estate Bird Dog” is the ability to recognize motivated sellers. These are the people who will be your primary market for properties that you can refer or sell to investors.

As we continue our Free Real Estate Bird Dog Training Lessons, we are going to discuss your primary target market – the Motivated Seller.

There are two types of motivated sellers: Read the rest of this entry

Being a “Real Estate Bird Dog” is a great, risk free way to start your real estate investing career. However, real estate investing and being a “property locator” is not for everyone. Bird Dogging is an inexpensive way to find out if real estate investing is right for you before you spend hundreds or thousands of dollars on courses, books and other materials. You will find out what is involved first-hand, and experience the challenges as well as the rewards. You can earn money while learning the business that way. Remember though that this is not a “get rich quick” program. Read the rest of this entry

You can earn full-time profits as a part-time real estate investor by bird dogging for real estate; some of the most successful investors out there are part-time investors who have other sources of income. In fact, the majority of real estate millionaires started out with day job, but over time, they became financially independent by investing in real estate part-time. The trick to this is to work smart so that your business always operates with full efficiency and yields maximum profitability. Good investors are well organized and know how to manage money, time, and people. They are very knowledgeable and work hard. Read the rest of this entry

“Out of clutter, find simplicity.” – Albert Einstein

Some people are blessed with organizational skills. Their desks may be messy or neat, but they always know exactly where everything is, and things are set up to work efficiently. Other people, however, are organizationally challenged. If you’re among these people you’ve probably got piles of stuff you’ll go through “someday,” and you probably lose your car keys a lot. Read the rest of this entry

To be successful at “real estate bird dogging” It is important to find a mentor because it is usually the most efficient way to learn. But, it can be difficult to find a bird dog to mentor and coach you.  Most seasoned investors do not have the time to mentor every “property locator” that asks them, so you have to bring them something of value.

You do this by proving yourself.  Start by supplying them with good, qualified leads on properties thus saving them time and helping them to make money. Just as investors pick the people they work with and use for “property locators” it is equally important that you pick the right mentors and investors to work with. Read the rest of this entry