when do you market the 'Flip"? - Posted by Enrique

Posted by Greg on September 29, 2001 at 01:19:28:

Keep in mind that even if you don’t have a buyer’s list, you can quickly create one. After you’ve locked up the property, in other words it’s under contract with a 30, 45 or 60 day closing time, then you run your add to sell the property. When you get callers you need to start getting names and numbers and let them know that you come across deals like this from time to time then ask them if they want to be called on any good deals you get in the future. Then find out what prices range and what area(s) of town they’re interested. Find out if they have the cash to close quick; a couple of days or a week. Don’t mess with those who tell you they have to apply for a loan. They just want to tie up your deal so move on to the next one.

Also join your local Real Estate Investors Association and if you don’t have one you can form one. You’ll be sure to come across many able investors and buyers who want to buy your wholesale deals quickly!
Hope this helps!
Success to you,
Greg in Dallas

when do you market the 'Flip"? - Posted by Enrique

Posted by Enrique on September 28, 2001 at 21:10:01:

I was wondering, when do you start to look for other investors on a flip? Do you negotiate with the owner (to get a firm selling price), THEN find the investor. Or do you find the property, the owner and all the info ($ owed, amount left on property, etc.) and just sell that info to another investor?

Thanks for any replies.

Enrique Romano

Re: when do you market the 'Flip"? - Posted by Rob FL

Posted by Rob FL on September 28, 2001 at 21:52:23:

I get the paperwork signed with the seller and THEN find the investor to flip it to. Of course it always helps to have a long list of investors in place before you even find the property.