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By far, the most important piece of real estate investing is your ability to sell the property and cash in your paycheck. One of the most important things you need to be able to accomplish this is buyers! The best type of buyer in the real estate business is by far a cash buyer. Cash buyers do not need to involve banks, they are not going for hard money, and they cause much less hassle in the transaction overall. You won’t have to worry about a buyer backing out of a deal because they can’t get the proper funding if you deal directly with cash buyers either. In this business, losing your buyer is the worst thing that can happen. Cash buyers have the funds on hand, so they aren’t waiting on funding from a different source.

Here’s a breakdown of some of the most important details every investor needs to know about cash buyers before they start using them:

Locating Cash Buyers

Finding cash buyers can be significantly difficult. You might be thinking, “no it isn’t. It’s all public record.” Well, you could search the public record if you want, but the problem with that is that the minute you do find a cash buyer, the data becomes out dated. As an active real estate investor, you need up-to-date data at all times. Some towns have their data computerized, and that makes it a little bit easier. Unfortunately, many towns don’t and that makes it very tough for the average investor to get their hands on what they need.

Not only can it be tough, but it’s also very time consuming. You have to search through one record at a time and pick investors based on a single transaction. Some of those cash buyers do several deals a month, and since you’re searching manually, you’ll be spending valuable time searching instead of finding deals. Even if you hire someone to collect the data for you, you’ll still only get a few dozen cash buyers to look at if you’re lucky.

However, there is a more simple way to find cash buyers. There are several different tools on the market that will give you a list of Cash Buyers in your area, which make it so much easier and less stressful for you to find cash buyers for your business. By far, the best resource myself and my partners have found is the Cash Buyer Data Feed. There are certain vital features that the Cash Buyer Data Feed has that every real estate business needs to thrive in this market: access to cash buyers across the nation and the ability to easily contact them.

It’s obvious that having instant access to a nationwide list of cash buyers is far more effective than spending immense amounts of time, energy, and money searching through public records. In the Cash Buyer Data Feed specifically, you have the ability to search by city, by zip code, or within a specific radius. This means you can find cash buyers in any market in the nation, not just in your local market. This whole process takes less than a minute, too, so it will save you unimaginable amounts of time.

Once you have a list of cash buyers at your disposal, the next thing you will need to do is reach out to them. Within the Cash Buyer Data Feed, you’re able to build and send a customized letter or post card that you can send to an entire list at once. It can be a basic or generic letter or you can add property specific details. The point is to drive them back to your website where you can either get their email address or show them the property you have for sale. This is also how you build your buyers list.

Benefits Of A Buyers List

Too many people fail in the real estate business because they are scared that they won’t be able to sell a property once they buy it. That’s a common fear but causes some investors to never even make an offer. As a result, they lose out on a profitable deal and paycheck.

Building your buyers list will give you more confidence and limit the fear most investors have of not being able to find a buyer. The more confidence you have, the more offers you will end up making. I know this is a given, but the more offers you make, the more money you make. All in all, you will have the confidence to do more deals and cash more paychecks if you have faith in your buyers list.

Utilizing cash buyers in this market is essential. In order to sell your properties fast and collect your paycheck, you need to find a buyer that you know won’t flake out on the deal. Cash buyers are constantly looking for deals and are unlikely to back out before the closing. This means you will have the ability to buy and sell quickly and make more money. Use a resource like the Cash Buyer Data Feed to build a solid list of cash buyers. Having an updated list of cash buyers at your disposal at all times will not only help you make more money, but it will help you surpass your competition.