Identifying the Right Investors to Give You Real Deals
Nowadays, the internet is used by many savvy investors to look for massive lists of buyers to wholesale their properties in their own locality or in other markets.
Going through online will definitely give you a decent results of findings for a good volume of buyers’ lists. On the other hand, it would also be better that you put these people into different categories regardless of the amount of the buyers’ list you have to allow you to have a better decision on who to deal with.
Our first suggestion is to be look at the those people who even if they like the thought of buying real estate but are not moving fast at all, and they are categorized as wannabes or the mostly tire tickers.
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Your next category are the so-called newbies, who are the serious folks and have access to cash but do not have the focus or idea on what they like or the attitude of some hand-holding, but potential because they have the money.
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People who have multiple investment properties already, can access to financial sources to close your deal fast, and they know what they are going into, are the so-called the real deals and they are what you should look out for.
Therefore, you should know how to eliminate the wannabes and get into the real deal buyers. For you to come to this decision, there are some tips that you can follow.
Our number one suggestion is that an investor profile form should be developed for you to get their information of their desires, intentions and buying habits. Building up your information profile can start with their names, email address, phone numbers, and how they got your name, and so forth. Get further information to complete your profile form, such as the interested cities or places, what style of property is interested, how many properties intended to purchase for a span of years, the amount of margin expected, range of investment, and others.
Your tip number two is to provide a certain level of incentive for the buyer to complete your profile. Offering a VIP buyers list so they can see complete profiles or a free e-report of their interested topics could be good incentives for them.
Your third tip is the good old actual person to person contact. Another way to get a direct information is to hear the person through a phone conversation.
If you do not have your own deals under your contract, your next method is to find active wholesalers to partner with and make market deals with you especially there is no point of a list without deals on it.