A Strong Buyers List Makes This Newbie Quick Cash!
By Bill Guerra (Bill in Vegas)

A strong buyers list was essential for quick cash as a newbie in flipping for me. I purchased Steve Cook book "Wholesaling For Quick Cash" to start making money right away. I had read everyone's posts on Creative Real Estate Online for months to figure out where and how to start investing . I realized that "flipping" or "wholesaling" properties was the way to attain my goals. Eventually the quest led me to Steve's Flippinghouses.com site.

My financial/business goals were simple, pay off existing debt, create seed capitol, start rehabbing and doing "Subject To's". This would afford me to create liquid cash now then I could hold properties for long term gain and retirement.

I read Wholesaling For Quick Cash about 5 times highlighting, marking it and putting in "sticky notes" at critical areas or topics I needed to review and digest. I would post my progress (at the time if felt it was "lack of progress") on Flippinghomes.com and you guys and gals would cheer me on. Thank you so very much.

The more I read, listened, and learned I saw the importance of a large, well-developed buyers list. A "Buyers List" for those of who don't know is a list of rehabbers, landlords, investors, flippers, newbies, and note buyers who I could birddog for, then when I was properly positioned/educated, flip properties too.

In a nutshell, my first deal that netted me $4000.00 was solely from this list alone. I called an investor while adding to my list one day and he had a single family house under contract 48k my cost. I called all my investors from the "Buyers List" and sold it for 52k in one day to a broker/investor. He put in 7k in rehab then sold it for about 88k.

What I am trying to say is that I did not even find this house it, and the buyer found me! The investor who I called on while expanding my buyers list had it under contract to flip! I called my buyers, 65 of them, all at once, and bingo sold. Cha Ching!

Thinking about it my second deal came from my buyers list as well. Again, I did not find this house either. While still expanding my buyers list a buyer/investor said he had one to under contract! I said great let me try to sell it. I sold it in two days again and got $3000.00 for the telephone calls and seeing it through. Can you believe it?!

I studied, read, studied, read and got many rejections for four months then it paid off. I did not know what I was doing yet all you guys guided me with your education and Steve's book. Steve's book outlines the intricacies of creating this list.

It is still vital to market/find houses by placing ads, posting bandit signs etc., etc. Nevertheless, networking with a buyers list proved a valuable start in investing for this newbie. A strong buyers list was one way to making fast cash in this business and if I can do it you can do it!

Have Fun.
Bill in Vegas