Home » Real Estate Forums » Real Estate Investing » Property Rehab: Fixer-Upper and Construction Talk

Power Team Question Series # 9: Cash Buyers

Posted on: Mon, 05/27/2013 - 03:19
Power Team Question Series # 9: Cash Buyers

As you build your Power Team you may want to have several questions that you ask each potential member. We value having Buyers as part of our overall real estate team. We have a few type of Buyers we will discuss, however in this posting we will discuss Cash Investors that want to purchase Wholesale Deals.

These are Cash Investors or also stated as Cash Buyers that want to purchase deals using all cash. By cash we mean liquid cash, cash in the bank, cash in a stock brokerage account, or even cash in the Mattress! Remember a Buyer that is pre-approved by a bank to buy, is not a cash Buyer.

These wholesale buyers will want deals that might be completed using one of 3 strategies:

1. Bird Dog or Property Finder
2. Assignments
3. Double Closes

There is not an exact script to interview your Cash Investor Buyer, but here are several questions you can consider asking your Buyer of Wholesale deals:

1. What market areas are you most interested in?

2. What are the types of properties you are most interested in?

3. Can you tell me about a recent deal you completed? (location of property, type of property and the numbers)

4. What percentage discount of after repaired value are you looking to find deals?

5. Are you okay with making repairs to a property? If so to what extent?

6. How many deals per month can you handle?

7. How many days would it take you to close a deal with me?

8. Can you share any deals with me that you may be looking to wholesale?

9. Can I get an email and secondary number, either cell phone number or office phone, to contact you with further questions?

10. If I find a deal that meets your criteria, how do you want me to present it to you?

Remember every day you need to say and repeat...THIS IS MY BUSINESS! Keep working on ways to make your business better each and every day.
Carpe Diem! Smiling - Stacey

Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!
Believe and Achieve! Smiling - Joe

Link to the Power Team Question Series:
http://www.deangraziosi.com/real-estate-forums/property-rehab-fixer-uppe...

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Posted on: Mon, 05/27/2013 - 03:34 #1
Cash Buyers

Thank you for posting. I and my wife are currently working on are goals and working on putting are team together here in Tucson. This will help me in building my network.

Thank you!

Abraham


Posted on: Mon, 05/27/2013 - 04:04 #2
tuscon

I may be able to help you with a cash buyer in Tuscon. The properties have to be under $70,000 and can not be a mls listed property.

If you have properties that will fit that criteria let me know.

thanks
Michelle


Posted on: Mon, 05/27/2013 - 05:10 #3
Arizona Cash Buyers

Cutting,

Do you have other cash buyers in Arizona, Pinal or Maricopa counties (Casa Grande or Phoenix area)? I live in Florence, about an hr. N. of Tucson & an hr. from Phoenix. Thanks!

CUTTING wrote:
I may be able to help you with a cash buyer in Tuscon. The properties have to be under $70,000 and can not be a mls listed property.

If you have properties that will fit that criteria let me know.

thanks
Michelle


Posted on: Mon, 05/27/2013 - 05:11 #4
Nice

Wow guys,

This will make for a good discussion & help those who are building their buyers list. Thank you!

Indiana-Joe wrote:
As you build your Power Team you may want to have several questions that you ask each potential member. We value having Buyers as part of our overall real estate team. We have a few type of Buyers we will discuss, however in this posting we will discuss Cash Investors that want to purchase Wholesale Deals.

These are Cash Investors or also stated as Cash Buyers that want to purchase deals using all cash. By cash we mean liquid cash, cash in the bank, cash in a stock brokerage account, or even cash in the Mattress! Remember a Buyer that is pre-approved by a bank to buy, is not a cash Buyer.

These wholesale buyers will want deals that might be completed using one of 3 strategies:

1. Bird Dog or Property Finder
2. Assignments
3. Double Closes

There is not an exact script to interview your Cash Investor Buyer, but here are several questions you can consider asking your Buyer of Wholesale deals:

1. What market areas are you most interested in?

2. What are the types of properties you are most interested in?

3. Can you tell me about a recent deal you completed? (location of property, type of property and the numbers)

4. What percentage discount of after repaired value are you looking to find deals?

5. Are you okay with making repairs to a property? If so to what extent?

6. How many deals per month can you handle?

7. How many days would it take you to close a deal with me?

8. Can you share any deals with me that you may be looking to wholesale?

9. Can I get an email and secondary number, either cell phone number or office phone, to contact you with further questions?

10. If I find a deal that meets your criteria, how do you want me to present it to you?

Remember every day you need to say and repeat...THIS IS MY BUSINESS! Keep working on ways to make your business better each and every day.
Carpe Diem! Smiling - Stacey

Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!
Believe and Achieve! Smiling - Joe


Posted on: Mon, 05/27/2013 - 05:55 #5
Thank you

This is very helpful. Thank you.


Posted on: Mon, 05/27/2013 - 15:20 #6
Abraham,

Good luck in putting together that Power Team. A great team can make each deal a little easier. Good luck with real estate investing. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Posted on: Mon, 05/27/2013 - 15:23 #7
Michelle,

Good way to network. Feel free to share more of the information on your buyers requirements such as zip code location, size of home, age of home, special request such as a pool garage etc. here and others may have deals for your buyers in Tucson. I was in Tucson about 5 months ago and I saw some good deals as well. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Posted on: Mon, 05/27/2013 - 15:25 #8
Dallas,

Thanks for the comments. It is always great to network and do more deals. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA


Posted on: Mon, 05/27/2013 - 15:26 #9
Patrick,

We are glad this will help you with your real estate investing efforts. Good luck. Believe and Achieve! Smiling - Joe

__________________

YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA

TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA