If you’re in the real estate market, you know just how crucial it can be to build up a quality real estate investors’ list. This list is the biggest asset to anyone in the real estate business. It may seem like having a long list of potential cash buyers would be the best way to go, but, on the contrary, it’s much better to have a shorter list of investors that are serious about buying and are more likely to actually purchase your property. If you just had a long list of people that remained on the fence about it, you’d never make a sale.
Building your list
While it’s nice to have a lot of options in whom to sell your house to, quality is so much more important when building your real estate investors’ list. You should start by growing your network of potential buyers. This can be done by simply asking around, notifying your existing real estate network, and by handing their business card out regularly to those mentioning purchasing properties. You can even attend meetings of the Real Estate Investors Association to help grow your network.
Advertising is another great way to help build your network of serious investors to move your properties quickly. You can join Facebook groups, post on social media sites, purchase ads, hire someone to make you an SEO ad so that serious buyers will be more likely to find your ad, etc. There are several options for advertising your interest in building a cash buyers’ list.
Narrow down your list
Once you’ve got a good list going, it’s time to narrow it down to the legitimately serious investors that are actually likely to buy your property. If a person on your list notoriously stays on the fence about purchasing or isn’t really serious about buying, they serve no purpose on your list and should be removed. You don’t want anyone that will waste your time on your list.
Organize your list
The last step in building up your list of real estate investors is to organize it. You should sort the buyers on your list by their likelihood to buy, who offers the best price, and who is the most reliable. If you organize your list in this way, you’re optimizing it for when you’re looking for a buyer. This makes it easier for you to hit up your most reliable leads first and work your way down the list.
A master real estate investors list is one of the most important assets in the toolbox of someone looking to launch a real estate career. This list can prove itself invaluable to you, as it can help you flip properties quickly and keep all your most reliable contacts in one easy place. We hope we’ve helped you navigate your way through building a pro real estate investors’ list.