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Hi,
I’ve been marketing for cash buyers on Craigslist and by Google “We Buy Houses” search. Basically I say that “I’m a wholesaler with access to properties that can be bought at a significant discount at 40 – 60% below market price. Would you like to get information on these deals that I find?”
Last week I contacted about 45 buyers and 3 responded. A couple of days ago I contacted 15 on Craigslist and 1 responded.
I was thinking the response rate would be higher and cash buyers would be interested in getting info on discounted properties since they are in that business.
Is this normal? Thanks.Your response rate is typical for real estate investors and real estate agents.
It also creates a huge opportunity for you because any SELLER who contacts these “buyers” is getting the same response rate.
To find buyers, I suggest that you also go to real estate investment club meetings, talk to title companies who close deals for investors, and talk to any hard money lenders in your area
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