July 26, 2016
By Alina Osmena
A lot of people, especially beginners, think that it’s hard to come across wonderful deals in real estate. The truth is, there’s plenty of deals out there, and everything is just a question of who’s going to work the hardest to find and acquire these deals.
The most usual complaint when it comes to finding real estate deals is the fact that it seems like it’s almost impossible to find deals the first few months you enter this business. Even if you have listened to all the books, podcast, and meet ups that talk about real estate, you still couldn’t find a deal. Are you doing something wrong? Where can you find these motivated sellers?
To answer that question you should first know the places where you CANNOT find these people. Some of those places include MLS, Zillow, and Trulia.
True, motivated sellers are motivated because of the following reasons:
Finding these motivated sellers isn’t that difficult at all.
Real estate selling isn’t just for investors, but people who want to sell their house fast. Thus, sending letters to motivated list can be of great help.
Another strategy that you can consider would be buying leads online from national sites, such as needtosellmyhousefast.com. However, if you’re going to try this route, you should have a good amount of capital first, because it can never be classified as a freeway technique. You have to purchase leads that cost around $100-200– whether or not the owner would be selling his property to you. This only implies that even if you’d only get a single deal, you’ll still be spending $15,000 after buying 20 leads. Rest assured though, this type of investment is really worth the cost.
Most auctions are hard to buy because you’ll need to have a cash on hand that day, Thus, it’s not really an option for beginners. They also won’t have time to see the property before purchase or conduct an inspection either.
Reading sales book can also help you find ways on how to convert the leads and turn them into profit. Likewise, you can also try going to free foreclosure websites and find people there. Be as genuine as possible when you talk to these people. Keep in mind, most of them are probably in pain and letting go of their property might be the hardest decision they have to face in their lives. These people have probably lost their job, and now, they’re losing their house as well. The least you can do to help them is to save their credit by buying a little of their equity.
To make that possible, look for an investor who would help you buy the property and help the previous owner to get out of his unsightly situation. Lastly, reading a book about foreclosure investing would teach you the ins and outs of real estate buying.
Estate of Mind was made to help those who are new in the real estate business. Its purpose is to show people clear, entertaining ways on how to acquire assets and build wealth the shortest time possible.
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Writer at AssetColumn.com
Full Time Licensed Real Estate Broker for over 5 years. Part Time Writer. I will discuss about the real estate learnings, along with proven tips and tricks of real estate experts, that I have acquired over the years through the articles that I will be posting exclusively on AssetColumn.
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