The best place to find buyers and sellers for your real estate deals.

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Where’s the best place to find buyers and sellers for your real estate deals?

It’s the public trustee foreclosure auction.

This is my favorite place to meet quality and qualified real estate investors. Why? Because at the public trustee foreclosure auction every bidder needs to have “good funds”, usually in the form of a cashier’s check, in order to bid and purchase a property.

Let me say that again.

Because at the public trustee foreclosure auction every bidder needs to have “good funds”, usually in the form of a cashier’s check, in order to bid and purchase a property.

This means that you have a room full of real estate investors with cold hard cash (cashier’s check) in their pocket.

That’s the definition of a ready, willing and able buyer.

The public trustee doesn’t allow you to bid on a property and then go out and get a mortgage. They want cash and in most Counties they want it before you leave the room.

The most recent public trustee auction I went to had a total of 25 bidders all bidding between $60,000 and $140,000 on foreclosed houses. If each bidder had an average of $100,000, that’s $2,500,000 in cash just sitting in the room.

That’s serious buying power.

There’s a second reason that I love the public trustee foreclosure sales.

Every buyer at the auction is also a potential seller.

Many of the investors who go to the auction will be wholesalers or flippers who will be willing to quickly flip one of their houses for a small profit. It happens all the time. The investor may end up with too many projects at once, have a problem with one of his contractors being unavailable or may need some quick cash to carry him through another project.

There’s dozens of reasons why buyers become sellers.

All you need to do is build up a list of every investor that attends the public trustee auction.

Then you segment that list into a buyer list and a seller list. The seller list will be made up of those investors who will flip some of their deals.

The next step is that you need to contact each investor and ask them what they have in inventory right now and what they want to buy right now. You need to become the “gatekeeper” who controls all the information about who’s buying and who’s selling right now.

The final step is that you become the matchmaker and you introduce your investors who want to buy to your investors who want to sell. You put yourself in the middle of the deal and make a quick, zero risk commission or profit of $1,500 to $6,000.

You can launch and build your entire real estate business from the public trustee’s office.