If you’re in real estate, you know that finding the right buyers quickly is crucial.
My team at Real Estate Matt Education has developed a step-by-step approach using a tool called InvestorBase.
In this blog, we'll walk you through how to use InvestorBase to find high-paying cash buyers efficiently.
Step-by-Step Guide to Using InvestorBase
1. Get Started with InvestorBase
Begin by creating an account on InvestorBase and logging in. Note that while the free trial is useful, upgrading to a paid version will yield more comprehensive results.
2. Enter Property Information
Once logged in, enter the address of the property you’re looking to sell. This could be a wholesale property, a fix, and flip, or even a rental you want to offload.
3. Adjust Search Criteria
By default, it’s best to start with the standard settings. However, you can adjust the search radius, time frame, and property types as needed. For instance, expand the radius if you're in a rural area or narrow it if you're in a densely populated area.
4. Filter Buyer Types
InvestorBase allows you to filter buyers based on their activity, such as flippers or landlords. This feature helps you target the right buyers for your specific property.
5. Search and Review Results
After hitting the search button, the system quickly generates results. The smart match feature prioritizes buyers who are most likely to purchase your property, saving you time from filtering through less relevant options.
6. Detailed Buyer Information
Hover over a buyer’s profile to see detailed information, including their buying preferences, property portfolio, and contact details. Although this data is generally accurate, it’s always good to verify through additional sources if needed.
7. Contact Buyers
Use the contact information provided to reach out to buyers via call, text, or email. Persistence is key, so don’t give up if you don’t get a response right away. Ensure you follow up diligently using other contact sources if necessary.
8. Manage Your Deals
InvestorBase features a mini CRM under the "My Deals" section. This helps you track which buyers you’ve contacted, the status of each deal, and allows team collaboration. You can update the status of deals, add notes, and ensure no time is wasted on properties already under contract.
9. Mass Contact Campaigns
For larger lists of buyers, InvestorBase allows you to download your results and run mass text, cold call, or RVM campaigns. However, for a smaller, verified list of buyers, it’s best to contact them individually to ensure a higher quality interaction.
10. Persistence Pays Off
Having accurate data is crucial, but following through with persistent contact efforts is what closes deals. Ensure your team is dedicated to verifying contact information and consistently reaching out to potential buyers.
InvestorBase is a powerful tool for finding high-paying cash buyers quickly.
By following this step-by-step guide, you can streamline your search process and maximize your chances of closing deals faster.
Take your real estate business to the next level.
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