subject: How To Wholesale Houses Without Cash Buyers [print this page] It is possible to flip wholesale houses even if you don't have cash buyers. It seems that all the teaching out there today focuses on flipping wholesale houses to cash buyers only. The reality is you probably don't have a huge list of cash buyers. When this is the case, what should you do?
There are 3 simple things that you should do to immediately to solve this common problem. The secrets are really quite simple and here's how to find cash buyers for wholesale real estate. If you don't have cash buyers to flip your wholesale houses, you have two choices, (1) find cash buyers or (2) create cash buyers. I'll explain exactly how to do this using 3 simple strategies below.
You might be asking which one is easier. Is it easier to find cash buyers or to create cash buyers and the truth is they are both relatively easy.
First I want to teach you how to find cash buyers. Let's face it, most real estate investors with cash don't blatantly advertise the fact that they have a ton of money sitting around, right? Well, actually most cash buyers do advertise it and these real estate investors are easy to find.
Finding Cash Buyers Tip 1
Go to Craigslist.com. Find your city on the list and then, under housing click on the houses for rent section. Start scrolling through the list and you will see many landlords advertising their properties for rent. Many times these landlord real estate investors have cash and are buying additional property.
Finding Cash Buyers Tip 2
Go to Google.com and search for real estate wholesalers in your area. Successful real estate wholesalers already have a good list of cash buyers. All you need to do is connect with them, bring them a deal and co-wholesale your wholesale house to their cash buyer. Don't expect to make as much money as if you have the cash buyer yourself, but it is a fast way to find cash buyers for your deals.
Second I want to teach you how to create cash buyers. Once of the absolute best ways to secure your position as a real estate wholesaler to flip wholesale houses fast is to help real estate investors that don't have cash get the cash. Here's how you to do it.
Creating Cash Buyers Tip 3
You need to build relationships with local hard money lenders. Hard money lenders are in the business of lending money to rehabbers and landlords. When you have a potential buyer that just doesn't have the cash to close, all you need to do is connect them to your hard money lender contact and help them get the cash. Your hard money lender is going to want to know that your potential buyer can handle the construction. So, make sure that you build a relationship with a contractor too and make that connection as well.
When you become the connector and the source of great wholesale houses in your area you will begin flipping wholesale houses on a regular basis. Follow these 3 simple tips and you can begin to flip wholesale houses even if you don't have cash buyers.
by: Rob Swanson
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