REI Automated
Finding Deals

How to Build a Cash Buyers List That Actually Closes

REI Automated · · 2 min read

Without buyers, you don’t have a wholesale business — you have contracts you can’t close. Here’s how to build a buyers list that actually performs.

Where to Find Cash Buyers

1. Title Company Records

Ask your title company for a list of recent cash purchases in your market. These are proven buyers who have already closed.

2. REI Meetups and Facebook Groups

Attend local investor meetups. Post in Facebook groups: “Active cash buyer in [market]. Looking to acquire properties. DM me your buy box.”

3. Auction Attendees

People who show up to foreclosure auctions with cashier’s checks are real cash buyers. Introduce yourself.

4. Landlord Lists

Property management companies can point you toward active landlords who are always looking for more inventory.

5. County Records

Search for recent deed transfers that were cash (no mortgage recorded). Look up the buyer — they’ll likely buy again.

How to Vet Buyers

Not all “cash buyers” are real. Before adding someone to your A-list:

  • Ask for proof of funds — Bank statement or letter from their lender
  • Ask about their last 3 purchases — What did they buy, where, and when?
  • Ask their buy criteria — Price range, property type, condition, location
  • Ask their timeline — Can they close in 7-14 days?

Organize Your List

Don’t just throw names in a spreadsheet. Categorize buyers by:

  • Market/area they buy in
  • Price range they operate in
  • Property type (SFR, multi-family, commercial)
  • Speed (can close in 7 days vs needs 30 days)
  • Reliability (have they actually closed with you before?)

When you have a deal, you blast to the most relevant segment — not your entire list.

Keep It Alive

A buyers list decays fast. Buyers change criteria, run out of capital, or go inactive. Re-engage your list monthly:

  • Send market updates
  • Ask if their criteria have changed
  • Share recent deals (even sold ones) to stay top of mind

DealBase’s disposition pipeline lets you manage your buyers list alongside your acquisition pipeline — matching properties to buyers automatically. Try it for $1.

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