…Sources and ways to find deals that can make you money…
Sources:
Your Network – don’t forget to constantly network with whomever and whenever. Always have the “I’m in the hunt” mindset and take massive action.
Your Marketing Machine – see Ways to Find below
Realtors – investor-friendly seller or buyer agents that know who you are, what you are looking for, and why
Wholesalers – investors that already market and secure distressed/discounted properties that are looking for rehabbers (to add to their buyers list). They’ll need to know how you are, what you are looking for and why.
Ways to Find:
Market to or contact For Sale By Owners (FSBO’s) – homeowners selling their house without a realtor – usually they are motivated
Continually review classified ads in newspaper, Craig’s List, etc.
Market in areas of interest with bandit signs – you know those “We Buy Houses” signs on street corners. Say what you want but they are proven to work.
Direct mail campaigns to targeted lists such as:
- Absentee owners
- Probate properties
- Code violation properties
- Pre-foreclosure properties
Driving neighborhoods – looking for distressed properties, finding the owner and contacting them to sell
Your action steps:
- Know where to find motivated sellers
- Select a marketing strategy and stick with it
- Get your buy criteria nailed down
- Start prospecting
