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July 23, 2010
As the saying goes, you make cash in real estate when you buy property. But it goes without saying that you have nothing until your property is sold.
Photo: nevermindtheend
You make more money the faster you sell your properties. Each week you hold on to that deal means more holding costs which eat into your profits.
It is therefore important to identify potential buyers for your houses. When wholesaling houses, you probably flip your houses to other real estate investors.
1) Build a list of buyers
This is a critical requirement for selling your houses fast. A buyers list is a list of buyers who buy properties where you buy and sell properties.
When selling houses to end users, this is a list of people looking to buy houses on retail or terms who meet the criteria of your houses.
As a wholesale house flipper, you build a list of real estate investors who buy houses, rent them out, or sell them for a profit.
A real estate investing website is crucial to meet this need. The website must allow you to collect name and email of potential buyers before they get access to house details.
The real estate investor web site must have integrated squeeze pages that collect their contact information before they can access your houses for sale.
You then send potential buyers to your real estate investor website or squeeze page. As soon as you get a new property for sale, you send it out to your buyers list and hopefully get a quick sale.
2) Local REI meetings
These are essential because you meet real estate investors that buy and sell properties in your market. Always request for their business cards and request to add them to your buyers list.
3) Foreclosure sales
Most foreclosure auctions are attended by real estate investors, usually hundreds of them. Even though you may not buy from these auctions, you can make important contacts who can be potential buyers for your properties.
4) Newspapers
Whenever I have new houses, I put an ad on the local newspapers especially weekend classifieds. I give them my real estate investor website address rather instead of a phone number. They must give me name and email before they can view property details.
5) Internet sources
There are many online sources especially listing websites. Craigslist is a very popular choice. Whenever you run an ad online, the aim is to send them to your real estate investing website where they can view house details and join your buyers list.
6) Web 2.0 websites
Facebook and other social networking websites are a fantastic way to reach hundreds or thousands of other real estate investors. Sharing your houses with your friends on these media is likely to get you a buyer fast.
Source: Free Articles Directory Submission
About the Author
Simon Macharia is a real estate investor in Dallas Texas. He buys and sells houses through his real estate investor website. Click here to see how you can automatically build a buyers list as you sell your houses quickly.
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