Cash Buyers List

Here is a great way to find the buyers in your local area. The local newspaper in my area publishes all the real estate sales on their web page as well as in the newspaper.

If you go to the on-line version you can then import the data into and excel file (data, import from web). Once you have it there you can sort and organize the data however you want.

There are a number of things you can do with the data:

1. Use it for comps
2. See which banks have foreclosed on properties (potential REOs)
3. Organize the list by buyers
4. organize the list by sellers
5. Organize the list by address

If you organize it by buyer, you can see two things, which banks own a lot of properties, you can then find the small banks and call them to inquire about their properties.

But my favorite is to see who is buying a lot of properties and where they are buying from. If you see that a lot of the sellers are banks....BINGO you have a cash buyer.

A lot of times they will use their company name. In my state I can go to the state corporate records site and look up the address for the corporation. Then you can send them a letter explaining that you wholesale properties and BAMM you have a new cash buyer on your list.

Here's a few more tips:

If you sort by seller, you may be able to find out who some of these cash buyers are selling to and you may be able to contact them and cut out the middle man.

If you sort by address, you can see the houses that were flipped, how much they were resold for, and how long between closings. A lot of times it will be on the same day, so it was a double close.