Other real estate investors can be a fantastic resource for finding real estate deals. The concept is simple – you talk to other real estate investors to find a house they are going to flip to you to make a quick profit. For example, let’s say another real estate investor, Joe, has a cash flow property under contract to purchase for $15,000. He wants to flip the cash flow property to another real estate investor. You might step in and offer the other real estate investor a few thousand dollars to close on the property.

It’s ideal when the other real estate investor is motivated to sell that property. If the real estate investor has lots of money, no urgencies, he’s not in a hurry, he doesn’t have a good reason to get you a great deal. You pass on a deal like that.

But if your other real estate investor needs a quick sale, so they can make their car payment or their house payment, or buy groceries – that’s a motivated seller.

You can find these other real estate investors at real estate investing association meetings, and at the websites those real estate associations have up. You can find these people by networking at those meetings.

You can find this other real estate investors by looking for their advertisements. There are two kinds of ads you want to look for. One is the ad that says “must sell, quick for cash investors special”, so they’re trying to sell the house. There are other places where they have ads up saying they want to buy houses.

Look for bandit signs that say “I buy houses”, or ads at the newspapers that says “I buy houses for cash”. Call that person because sooner or later they’re going to have a property they will want to sell quickly for cash. Your opportunity will come when they want to flip a house quickly.

These real estate investors typically have a buyer’s list, and they like to send out email. Get on their buyer’s list. Check on these people regularly. Robert Elder tells about a wholesale seller who, when he was first getting started in wholesaling, brought him seven houses in a row. He bought every single one of them. This guy liked selling to Robert because the other real estate investor knew Robert was quick and reliable when it came to closing. Robert knew the this guy would bring him good deals. It worked great for the both of them.

You never know where you will find a great wholesale seller. You could find these other wholesalers when you’re out looking for houses. Talk to people. Network with, and don’t worry about the fact that people might be competing with you. Focus on instead of how they can help you, and how you could help them. And if you could help them, you know, chances are you’ll make money also.
To find more tips and techniques for finding great deals, go to www.replaceyourpaychecknow.com.

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