| One of the most important things you can do, as a | | | | them an e-mail to introduce yourself to them. Find |
| real estate investor who plans to wholesale property, | | | | out if they are looking for more deals and ask them |
| is to build a buyers list starting right now. | | | | if you can add them to your list of potential buyers |
| Don't wait until you have a property under contract | | | | to notify when you have a great deal. You can also |
| to start building a list of potential investors and retail | | | | do similar things with people who have posted ads in |
| buyers that will be interested in deals that you find. | | | | newspapers. |
| Building a buyers list takes time and/or costs money. | | | | Network at Your Local Real Estate Group or on |
| Why not save some money and start building your | | | | On-line Forums |
| list using low or no cost methods (what I refer to as | | | | Find out where investors hang out. Visit your local |
| methods for poor folks) and then spend money to | | | | real estate investor club or association and meet |
| build your list only when you have an actual deal that | | | | other investors. Go to on-line discussion groups |
| you need to sell? | | | | where investors are chatting and make new contacts |
| Here's how to start building a buyers list using low | | | | there. Find investors that are blogging about their |
| and no cost methods: | | | | investing and make friends with them. If you have |
| Post Ads on Free Classified Ad Websites | | | | more time than money, these methods will help you |
| Posting a number of different ads on free classified | | | | both learn about investing strategies from other |
| ad websites can start the process of growing your | | | | investors and build your buyers list. |
| buyers list. Plus, this method is relatively easy to do | | | | Direct Mail Investors |
| (once you learn how), costs no money on most | | | | A way that I use to quickly reach thousands of |
| websites, and you will see almost immediate results in | | | | investors in my local market is direct mail. I get a list |
| most cases. | | | | of investors that have recently purchased a house |
| What types of ads can you run? You can run generic | | | | (often called the Absentee Owner List because the |
| ads looking for investors who are trying to find deals, | | | | owner of the property is not living there) and mail |
| ads seeking partners to team up with you on deals, | | | | them a postcard about a particular deal I have or |
| ads for specific deals you have, and ads giving away | | | | about getting together to discuss investing. While this |
| a free real estate course or a list of distressed | | | | method has cost me about 32 cents per person |
| properties. These are just a few examples; with a | | | | mailed (including postage and printing), it has been a |
| little creativity, you could come up with many more. | | | | great way to instantly expand my investor network |
| I go into greater detail on the mechanics of how to | | | | with people that have actually bought a house as an |
| post ads on CraigsList, the largest classified ad | | | | investment (and not those merely interested in |
| website, in another article. | | | | buying a house). |
| Reply To Ads on Classified Ad Websites and in | | | | The above methods are just a few ways that you |
| Newspapers | | | | can start building your buyers list. I recommend you |
| The nice thing about classified ad websites is that on | | | | start implementing one - or better yet, all - of these |
| the popular ones, you're not alone. There are other | | | | methods immediately to start building your list in |
| investors posting ads to sell their deals or rent out | | | | anticipation of having a great deal to send out. |
| their properties. Why not give them a call or drop | | | | |