Tips On How To Find Buyers For Your Real Estate Deals In Chicago

Hey everyone, if you are reading this, chances are you are into Chicago real estate investing. I myself have been building a buyers list in Chicago for quite sometime and I wanted to share with everyone what I do. Just for your information, in the last 3 weeks I have helped sell 4 wholesale deals. Not bad for not having a dime to my name and a credit score that resembles a MLB hitting average.

When I tell people that I am a real estate investor, I mean it! People look at me and tell me how much they want to do what I do, but then complain about not having money. These people DON'T want to do what you do or else they would have realized that they don't need money to begin. The fastest way to start is just building a list of Chicago buyers and then figuring out how to find them property. Let's take a quick look at some things I have done in order to find buyers.

Here are the four simplest ways to find investors for your deals

Networking - Go to your local REIA or investor club and begin asking people what they are looking to buy. If they say that they are not buying, take their business card and follow up in a week or so. You want to look for anyone that asks "where do you get your properties?", that way you can follow up by saying, "all over the place, where you looking to buy?" Simple enough, but the hard part is following up, scheduling a time to meet and go over their buying criteria. Use this criteria to then find wholesalers or flippers in the area and if you can team up the wholesaler with the buyer, you get a piece of the pie. Simple to do!

Social Media - Get on twitter, Facebook, and LinkedIn. On each you will want to build friends and contacts that are in the real estate profession throughout your city or area. Yahoo groups are another great source. Also, set up a blog on WordPress and start writing about real estate investment deals in the area, or why your area is great to buy in. You post this article in your twitter and Facebook and you will slowly yet surely get responses! This is more of a credibility builder than anything. Buyers will go online and read articles you posted about property and they will contact you, trust me, it works!

Bandit Signs - For as low as 50 bucks you order yellow bandit signs and stick them at the exits of highways and main cross sections. Please get a phone number that is NOT your cell phone. This works in case the local law gets mad and drops you a call, you can say you're an out of state investor and you paid a local guy to put them up. In any event, just create a map of the area you want to attack, and as you put up your signs, mark where you put them. In a week, just change the map and stick to the same area. On your sign have something that a buyer will recognize like, "Foreclosure for Sale. Asking: 36K, ARV, 110K", plus your phone #. Once the buyer calls, ask him/her what they are looking for and take their email down. Follow up ever other week or so. Chicago real estate buyers will be calling everyday so be prepared!

Real Estate Professionals - If you have business cards from realtors, mortgage brokers, title agents, and real estate attorneys, just call them or drop them an email and say that you are looking to help investors currently buying property. Once you are put in contact with them, be up-front. Say your experience level and that you want to help their business. Each professional should have access to a buyer or investor someway shape or form. Just keep asking and you will get pushed in the right direction.