Today Tom has some quick tips that you can implement RIGHT NOW to start making more money in your Wholesaling business.
How to Find More Cash Buyers
- Do not become a CBE, or a Cash Buyer Employee. Always make your buyers bid on your purchase agreements.
- Real Estate Agents will provide you with the highest-paying cash buyers. Make sure you’re friends with all of the real estate agents in town, especially the ones that make a lot of cash transactions on MLS!
- Use bandit signs. When we have a property under contract, we always put up 30 signs that say, “DESPERATE. 3/2 HOUSE. CASH ONLY. (555) 555-5555.” Often people who are looking to buy a house want to buy based on location, which makes the purchase emotional. It will add buyers to your list and drive up the price with more bids!
- Go to private or city auctions. Go a little early and stay a little late so that you can talk to people and find cash buyers.
Remember: It’s your show, not the cash buyer’s show!
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