Whether you are just learning about how to buy wholesale properties or you have been selling investment properties for a while you probably already know how important it is to compile a list of wholesalers and others. Finding wholesalers and local cash buyers can be one of the most challenging aspects. Many understand having a wholesale buyers list is key to your success. But where do you start getting this list together? Here are the top 10 ways to find other investors in your area.
Tip 1: Start with us!
This website is run by and built for real estate investors. Start by adding Sesa Properties to your list of local cash buyers. We are investors who sell off-market and discounted on-market properties. We want to connect with other similar minded folks in our field.
As you continue to meet investors, buyers, wholesalers, etc on and offline, ask them for their contact information. Also, ask them if it’s okay to add them to your list. Chances are they will also want to add you to theirs. We are all in this together. There is plenty of water in the ocean for everyone!
Tip 2: Search Online
Finding wholesalers or wholesale houses online can be as simple as searching Google for terms like “real estate investors” or “property wholesalers” PLUS your local city/state. You can add your city or region to the search by entering things like “we buy houses” followed by your city. This should display local cash buyers and a variety of related websites. You may also see ads for buying houses at the top or bottom of the search results. These are typically investors who are potential local cash buyers who already know how to buy wholesale properties. Contact them and ask them if you can add them to your list so you can contact them when you come across a great deal.
Tip 3: Bandit Signs
You’ve probably seen some of these signs around your neighborhood, and you may have put a few up yourself if you are selling wholesale houses. When you have a house under contract or are selling investment properties, put up a few signs in busy intersections in your area. They should say something along the lines of “Cheap House for Sale! Cash Only” and give your number. Make sure to check local ordinances so you don’t break any laws by accident.
Tip 4: Landlords Advertising Property for Rent
If you see an ad by a landlord, it is likely they are interested in buying more properties even if they don’t yet know how to buy wholesale properties.
Make contact with them and explain that you find good deals in their neighborhood frequently.
Ask them if it’s okay to contact them when you come across a good deal. They may be interested if the price and location are right.
Tip 5: Local Real Estate Investors Groups
Google your city and “real estate investors” or “local investors meeting.” You should be able to find the website for local investors who are buying and selling investment properties in your region.
There should be contact information on the site. Some offer newsletters where property wholesalers in or your region advertise. Some may have a specific members section.
Tip 6: Craigslist
Finding wholesalers can be as easy as a quick search on Craigslist can help you find active buyers in your region. Once you are on Craigslist, find the “housing” section.
Do a search for phrases like, “sell home fast” or “we buy houses” or something close to these. This search should bring up a few active buyers in your area.
Contact them and tell them you are an investor and you are finding wholesalers in the area to collaborate. Ask them if you can add them to your list of investors so you can let them know of deals that may come available.
Tip 7: Lead Generation Tools
A lead generation tool is an automated way of finding wholesalers. Usually, it’s as easy as putting a form on your website which asks for investors to sign up for a newsletter or download useful information. It can also simply be a way for you to ask for their email, so you can add them to your list of wholesalers.
Property wholesalers are eager to be on lists of others in the same trade, as well as building their own lists of contacts. The important thing is to keep the site up to date and optimized so it is recognized by search engines and displays in result pages.
Tip 8: Auctions for Foreclosures
There are some investors who don’t like to deal directly with property owners when they purchase wholesale houses. They prefer to buy from foreclosure auctions. This can be a great opportunity for finding wholesalers.
Attend the auctions and introduce yourself to investors. Explain that you find houses like the one being auctioned and ask them if they would like to be contacted when you find a property. Just make sure to share information with them either before or after the actual auction!
Tip 9: Keep a Phone Log
Once others find out you are a wholesaler, you may start getting calls regularly asking if you have any property available or if you are selling investment properties.
Be sure to keep a call log.
Add these investors to your list and make sure to call them when you come across a good deal.
Tip 10: Use Local Newspaper Ads For Finding Wholesalers
Grab a local newspaper and look for ads placed by wholesalers or investors who are buying or selling wholesale houses. They will read something like “we buy houses” or “cash for your house.” Call the number on the ads and just explain who you are and what you are doing. Ask them if they’d like to be added to your list of investors that you call when you find properties. Most of the time, they will be all for it and may ask for your information as well.
Finding Wholesalers/Off-Market Suppliers Who Are Actually Good
Skip all of the hassles by joining our cash buyers list. Here at Sesa Properties, we focus on finding quality properties for local real estate investors. We care about keeping your inventory filled and building a long-lasting business relationship. Have a question about our process? Want to join our buyer’s list? Give us a call today at 216-877-8430, or visit our investors’ site! We’d love to get in touch and show you the properties we have available.