Posted by Greg on September 29, 2001 at 01:19:28:
Enrique,
Keep in mind that even if you don’t have a buyer’s list, you can quickly create one. After you’ve locked up the property, in other words it’s under contract with a 30, 45 or 60 day closing time, then you run your add to sell the property. When you get callers you need to start getting names and numbers and let them know that you come across deals like this from time to time then ask them if they want to be called on any good deals you get in the future. Then find out what prices range and what area(s) of town they’re interested. Find out if they have the cash to close quick; a couple of days or a week. Don’t mess with those who tell you they have to apply for a loan. They just want to tie up your deal so move on to the next one.
Also join your local Real Estate Investors Association and if you don’t have one you can form one. You’ll be sure to come across many able investors and buyers who want to buy your wholesale deals quickly!
Hope this helps!
Success to you,
Greg in Dallas