House Flipping: How to Qualify Your Cash Buyers

Welcome Back.  I’m happy to see that you’re still here because today I’m going to show you how to analyze properties so that you can offer the best deals to your cash buyers.

Remember, in the last lesson I told you that finding cash buyers is the key to wholesaling real estate in today’s market.  So since these cash buyers are so important in your business, why not find out what they want and then get it for them.

Think about what I just said. “Find out what the cash buyers want, then give it to them.”

You can literally use what the buyers tell you to eliminate all the guess work when it comes to finding a farming area, finding the right properties in the farming area, and even how much to offer on an ideal property.

How is this possible?  Well, let’s just say you found a cash buyer and after speaking with them you realize that they are currently buying houses in the south west section of your city, or in a certain zip code.

Let’s also say that this buyer is looking for the typical 3 bedroom 2 bath house and they are willing to pay 50k for the house as long as it doesn’t need more than 15k in repairs.

Guess what?  Now that you have this information from your buyer, all you have to do is go and find a property in the south west section of your city that is a 3 bed, 2 bath property with less than 15k in repairs needed.  And if you can get the property for less than 50k then you can make a profit.

This is where you can determine how much profit you want to make on a property.  What do I mean by this?  Picture this, your buyer is willing to pay 50k for their ideal property right?  So this means that if you can find a property for 40k then the profit spread for you would be 10k.  It’s that simple!

Of course there are other factors to take into consideration that I do cover in my training program, but you get the idea.

Check out the training program here.

At the end of the day, if you don’t know anything about real estate and you had a bunch of cash buyers to buy houses from you, you can literally take their criteria, go out and find what they want and then make money by giving them what they want.

If you keep it simple stupid (K.I.S.S.) you’ll realize that this business is easier than most people make it out to be.  But it also takes the right kind of education.

My Training Program goes into a lot more detail on what you need to do in order to make money wholesaling houses.  And the best part about it is it’s less than $10.  Where else on earth can you get this kind of information for that type of investment.  You can’t!

In the next lesson, I will share with you what type of sellers to target in order to get your phone ringing off the Hook.  Be sure to check your email inbox tomorrow for the next lesson.

Remember, Education in Abundance with Action Equals Wealth.

Jamel Gibbs