Posted by joe on December 05, 2007 at 11:08:12:
I am noticing more and more that most ads are other wholesalers. It’s about 10 wholesalers to every 1 rehabber/landlord now. Is anyone else seeing the same thing? I ask for their company name and see if they have actually closed on anything using Deed records.
What’s the best way to find investors to flip to - Posted by Peggy
Posted by Peggy on December 03, 2007 at 20:52:39:
I’m looking for the best way to find investors to flip to. If any one has any information please let me know.
Thank You,
Peggy
“ITS MAGIC” - Remember this acronym - Posted by William Bronchick
Posted by William Bronchick on December 04, 2007 at 10:11:13:
I - Have an Identity
Superman has an identity. Batman has an identity. Do you have an identity? When you go to meetings like your local real estate investors club, people need to remember you. Wear the same pink tie, yellow shirt, or red hat so people always remember you. You want people to identify you with something they can remember so they will always call you when they want to buy houses from you or when you call them to sell them houses.
T - Title Records
Sophisticated investors who buy and sell a lot of houses will show up over and over again on the title records. Get access to local records through your friendly real estate broker or title company. Make note of the names that come up over and over again. Put these people on your list.
S - Street Signs
You see them everywhere - “We Buy Houses” signs stapled to a telephone pole or stuck in the ground. Call them. If they really buy houses, you want these people on your buyer’s list. And, if they come across deals that they don’t want, make sure they know to call you.
M - Marketing
Do some good marketing to generate a list. Start with a good business card and brochure, and pass it out to everyone you know. Ask your title company rep if you can leave brochures in their office so when other investors close deals they can be introduced to you. Your goal should be to pass out 500 business cards a month or more.
A - Auctions
Auctions attract lots of investors. Go to local foreclosure auctions and pass out your card. Also, collect the cards of others you meet to generate your investor list.
G - Groups
Join every business group that has luncheons or meetings. Investors or potential investors can come in every walk of life. And, people who are not investors will call you when they come across a house in foreclosure or a couple in divorce. Everyone within your influence should know what kind of business you are in so they can refer business to you.
I - Internet
The Internet is loaded with real estate chat boards and discussion groups where investors congregate. Even if people you meet on these boards are located in other states, keep them on your list. You never know when you will come across someone who has moved to their city or when they will come across someone who is moving to your city.
C - Real Estate CLUBS
Real estate clubs are your best local source of building an investor list. Frequent these clubs often, passing our your business cards and flaunting your IDENTITY. For a good list of local clubs, try http://creonline.com/real-estate-clubs.
some more ideas - Posted by Nate-WI
Posted by Nate-WI on December 04, 2007 at 04:57:33:
Some more ideas…check out craigslist, visit your courthouse and look up the deeds to see who is buying foreclosures, want ads, “for rent” signs in yards (those are investors maybe their looking for more properties), REI groups, stop by a rehab and ask to talk to the owner, etc.
Nate-WI
Re: - Posted by lukeNC
Posted by lukeNC on December 04, 2007 at 03:19:33:
who’s buying at the foreclosure auctions and the REO’s?
And who are those investors selling to once they buy?
That will give you a great start.
Re: What’s the best way to find investors - Posted by Sam
Posted by Sam on December 03, 2007 at 21:19:42:
hi peggy
One of the best way is to ride around and look for the webuy houses and check the newspaper people will be advertising in there also
sam
Re: Auctions can produce great results - Posted by JT-IN
Posted by JT-IN on January 12, 2005 at 21:41:29:
In the old western movies, the gambler never pulled the Ace out of his sleeve on every hand… just when the stakes were right… I try to do the same…
I have used auctions in two different scenarios… one where the property was, or should be if properly exposed, highly sought after… maybe a unique property, where they wouldn’t just go up the street and look at another one, if they missed this one… Or if there is some set of conditions where there could be a problem with inspections, following an accepted contract, ending in a sale that would fall through. This doesn’t work on some dump… mind you, but again, a unique house, where the prospective or ultimate buyer will overlook things because they are driven by the immediate deadline of the auction… It is caveat emptor in that environment, so the buyer must have done their due diligence in advance, since no inspection clauses exist… But again, this doesn’t work if the house is such that a buyer can down the street and find one about like it, w/o those liabilities, for about the wsame money.
So each property has its pluses and minuses for being an auction type house… not every house is well suited to be one, unless you are in a blazing hot market… and where I am located, that is ust not he case. So you choose selectively, so as not to an auction flop… and so far it has worked very well…
The other element about an auction is “auction fever”., whereby some bidders just can’t help themselves… and are forced by this thing inside of them, either greed or ego, or both… to bid higher than they might otherwise, had it not been for the auction environment… That will definitely at times work in the sellers favor.
Keep Aces hidden firmly in sleeve until needed… Just the way that I view things…
JT-IN
Re: What’s the best way to find investors - Posted by Peggy
Posted by Peggy on December 10, 2007 at 10:49:27:
Hi Sam,
I received your email and thanks for the info. I’ll give it a try.