I'm evany cago with Rei investment society and we are going to talk about why having a wholesale buyers list is important and the quick ways to build your buyers list. So, the one thing every wholesaler will need when beginning to consider wholesaling is to of course, have a buyer's list which I talked about this often. Success in wholesale only works if you have investors in place and investors to call it works even better when the investors are calling you. And a wholesale buyers list with a lot of prospects will serve as an invaluable tool. The central component to wholesaling is the wholesale buyers list obviously. So as the wholesaler you're the go to person.

You are the one who's going to find the investors and the profitable deals. This accumulation of contacts will serve as your black book. This will be the way that you're going to make lucrative money on a consistent basis. But it's about the work and effort that you're going to put in the possession of a well devised wholesale buyers list, complete with a lot of active investors and investors that are ready to spend money is only going to get you properties to be able to sell much faster, as well as a higher earning profit margin. But now how does one go about constructing a solid wholesale buyers list? Well, I will give you some top tips and ways on how to build the ultimate wholesales buyers list.

Again, there are a lot of different ways you might have heard about whether it was online Whether it was through another training, whether it was through Rei investment society, but if you want to get straight to the point on how to build this wholesale buyers list, this particular way is going to cost you some money, however, is going to be quick fast in pretty much almost in a hurry, but it's all about you in how fast you ready to start making money. Now building a buyer's list, the key essential gradients tool a successful wholesale career is of course is going to be your buyers list. wholesaling has two different elements. It is comprised of not only securing the property under market value well below market value, to be honest with you, but finding it in buyer which is your investor. Waiting until you have a property under contract to build a buyer's list is a huge disaster waiting to happen.

You're not going to make money and you're going to lose credibility from that jizz in Buyers but sellers. At this point, you almost always should have an accumulative of several calls and penalties in the process of what you can lose out on. On the other hand, having an extensive list of prospects at your disposable will legitimately increase your chance of securing timely and profitable transactions with the hopes of becoming a stream of uninterrupted investors. So by having this list, you, it will put you in a situation where you have investors lined up, they're constantly coming to you. You're never without an investor and you're never without a property. You have the property under a real estate wholesale contract.

You've paid the earnest money deposit. Now it's time to assign the contract to your end buyer. So who do you Go to Well, the first step is building a wholesale buyers list. It's about establishing a good list of people who has the money to buy. This will always encompass some type of information on the potential buyers, which will include but is not limited to knowing the buyers first and last name, their phone number, their email address, their Buying Criteria, the type of funding personal information, source of referral, social referral is extremely important, because you need to know out of all the different marketing campaigns, how did they find you? You need to know what campaign works better than others.

Should you continue to waste your time? Should you continue to spend more money on that particular type of campaign? At the end of the day, what campaign works better, or they all may work equal, which means you need to continue to do all of them. So don't think you're wasting money but you source of referral is extremely just as important as having your email address. In addition to collective potential real estate leads, investors should have a system in place for identifying them based on criteria. A typical real estate lease should be categorized by one of the following factors, your budget, if buying criterias was residential, multifamily, commercial, etc.

And a type of project whether it's a rehab, commercial property or rental property, cosmetic, the majority of the ambassadors will have their own vision of the perfect deal with a pre determined amount of money that they're willing to spend. So now you as a wholesaler, it's your job to align investors with a deal that fits their investment criteria. Therefore, having a database of information will not only help you improve efficiency amongst transactions, but it will Also make you more reputable when it comes to investors because they will rely on you. They trust what you do. It's also important to know that while wholesaling offers numerous opportunities for beginner investors, a wholesaler list won't build by itself, you have to be the driving force and building this list. The driving force of construction and constructing a wholesale buyers list is derived in real estate lead generation campaigns.

These campaigns will consist of four aspects prospecting, generating the interest converting interest into sales, managing leads to repeat the process. So I'll repeat that again. Your lead generation campaign process consists of four elements prospecting, generating interest, converting interest into sales. Managing leads to repeat the process. The process of lead generation is continuously replenished in your database, whether it's your past your present or potential clients with the end goal of converting them to sales. So, let's take a look at an example of how we're going to convert these leads into sales.

So, the way we're going to convert these leads into sales, we're going to use the quick ways to build your buyers list without having to go through so many different steps. Here's just straight to the point. Once you have that basic information or your contacts, it will then be time for the real estate lead generation campaign to begin. So the three most common types of lead generation outlets that are out there is usually through networking marketing campaigns. social media presence etc. For those looking to get started right away on these leads, then you want to go ahead and follow these three lead concepts that actually is effective and it works, but you aren't going to need money for one of them.

So let's get started. Get your pan and take notes. Here written bandit signs. Very important. This is by far the most effective strategy that I myself have used along with my students and it's a proven method to find buyers. I use a 12 by eight teen sign whether it's a white side or a yellow and bright and I do write on them in black or red ink just Get that tension.

Something that reads cheap house must sell $39,000 cash only my phone number. I will even put the web address on there too. Again, cheap house must sell $39,000 cash on my phone number, my tracking phone number, not your cell phone, but your tracking phone number and their website, your website. When I had the property in a contract I placed about I usually place about 15 to 30 signs around the neighborhoods that I'm selling that property in. This always gets the phone ringing. I usually pick up at least one new buyer every single time I put a badge of size out.

But here's the thing, you're going to keep those signs out because the longer you keep those signs out. More the buyers are calling your phone. So you're going to keep getting buyers, there's a delay between buyers and leads, you're going to get a lot of leads calling you, but you're going to get that one or two buyer that is going to call you anyway ago, you're going to keep building your leads list. If you don't have any properties of your own, it's okay to call on other wholesalers in the area and ask them if they can help if you can help market some of their deals. That's okay. So the reason I'm saying this is because some wholesalers have their own deals that there's not that they hold sell to somebody else, but you want to make sure that they have complete control over that deal.

If you don't have a property's market one of their properties because remember, they're not going to see your buyer and you're not going to see their owner. YouTube got to be communicating with each other if they want to sell it Their owner is selling that property for XYZ, you have no clue, but they're selling it to you for $60,000 make sure that there's equity into there because there's no really no room to negotiate when you try to negotiate with another wholesaler because they already got the number. So you want to go ahead and put your number on top of that 60 maybe your number is going to be 70. Make sure if you want to put your number 70 that there's enough equity in there that your potential end buyer is not looking at you like you are crazy and don't know how much this property that you're you're you're over selling this property.

Okay, um, search for recent cash sales on the MLS. So your investor, I mean your investor real real estate agent when I say you invest in real estate agents, there are real estate agents that specifically work with real estate investors. You want them to look for properties for you, that was sold on the MLS under cash sales own approached them nine times out of 10. There's either a new rehab or for sale sign that you will actually see on those particular properties after they have sold. If you see those properties that has sold and they have a for sale sign on, but these are the same properties that originally was listed on the MLS at one point and so for cash, guess what, now you got the phone number of that investor. So if you cannot reach that real estate agent, you are able to still contact that particular investor directly, only if they already have a for sale or for rent sign on there.

Usually there's a facilitator sign on there they are doing it themselves. If this right away is not going back through the real estate agent I'm just kind of be cautious when it comes to real estate agent because real estate agents are salespeople also. So they tends to I'm not saying that this happens all the time, but this does happen a lot. Whereas you don't want them to contact your investor or any other investor because they can take your business from you. Conference sizing your target neighborhood. If you are driving around East hooks on for rent size call, but you know what?

Time is of an essence money is time. So you can search online for rentals and rentals by owners properties for rent that don't have MLS numbers next to them. Once you contact these landlords, and you're calling these properties with these for rent sighs This is one of the best ways you can actually find landlord buyers, one of the first buyers that I've ever even added to my list, I call by dialing one of his properties that was first for lease. This was over three years ago and since then, I can honestly say that I've effectively bought probably over 30 properties from him and this person because I've been able to get over 30 properties from him during that exact same time. This landlord has referred a lot of business to me because remember, birds of a feather flock together like my think alike, but those 30 properties has gotten me so much money.

Because it got me to the point where as I've been able to rehab a lot of properties, been able to do double closings on a lot of those properties assign a lot of those properties. So I was not in the business of becoming a wholesaler, I was in the business of becoming just an investor and an investor with a real estate license. Instead, I started doing flipping I started doing wholesaling. But honestly, this landlord got me into it and didn't even realize it. So a landlord can be one of your best friends. They know other landlords, a lot of landlords are investors, and just make sure that you keep that landlord as your friend, all the landlords so you see signs to say for rent, contact the landlord.

So remember, less reiterate one of the quick ways to go ahead and to begin to wholesale products. And build your list fast. Get your bandit signs right on these size cheap house must sell 29,000 39,000 cash only put that size out there, put 10 to 20 signs 15 to 30 sighs the more signs the better. Put them in your target area. You want to find properties where there's on MLS that sold for cash, contact the buyers, two different ways you can contact the buyers first. You can call the real estate agent who sold on that property and say, Hey, I see that you're a buyer.

You know you hit up a client that bought this particular property right here. I have a property that they may be interested in. Here's my information schedule an appointment Simple as that. Or you see the property is sold you get access to the MLS, you see that the property has actually sold for cash. You want to drive by there and see if there's a for sale sign or for lease sign. Or even if you do a search in the search engine, a Google search engine, a young search engine doesn't matter what search engine, type in that particular address and type in for sale or for rent, it will actually show you if that property is currently for sale or for rent.

More than likely, if it hasn't been rehabbed yet. The current buyer is the one who's selling the property. So that's their direct contact information. If the property is being rehabbed, great as the contract is, and if you give the contract is your number and tell them that you are an investor, also, and you're looking to buy this particular property or get in contact with the owner, they will actually be quick to pass that information on. Here's why. Number one, because you're an investor, they look at you like you are a goldmine to them, they hit the lottery, they feel that They can potentially be one of your contractors.

So for them, it's a plus, they want your business card. At the same time, they feel like if you are a buyer who's interested in buying a property, and they tell their boss, the person who's contracted them to rehab this property, they're gonna think you know what he's going to be or she's going to be excited that I found them a buyer, so they're going to be quick to pass along that information and potentially give you their information. Again, your for rent size of the neighborhood. Whether you go online look for, for rent by owner, landlord owner renting property for rent size, it don't matter contact those individuals. That is your direct contact with one of the best ways to go ahead and for you to meet an actual investor. I'm evany Caldwell with Rei invest Society.

Start building your buyers list today. Get your signs ready, get your you know, phones ready. Whatever you do start tracking these properties. start tracking your leads with a lead tracking number and have your website Ready. Start building your list very fast so you can start making money today.