When to reach out to homeowners?

[Carmen Lewis]

I have a list of properties that I've been looking at and researching. I feel like I want to reach out to homeowners to see if they are willing to sell, but I have cold feet. Is it better to get financing in place first, or have a seller ready to sell? I don't want to approach a homeowner with no plan because then they won't take me very seriously. I also don't want to approach potential investors without a possible deal... Am I going about things totally wrong?

[Shaun J.]

I agree with @Chris T. and @Jeffrey Grieshop

I just met with an investor friendly REA the other day that specializes in Foreclosures. He was able to give me a bit of direct insight on certain things and how I can do certain things with Flipping (Wholesaling) REO properties.

After building some rapport with him, he also gave me his personal HML contact info. Someone that is local and won't bail on you 48 hours before closing. #Networking #Works

And to be honest, it's not a bad idea to reach out to some motivated sellers so you can get comfortable with talking to them for the future. Just don't sign a Purchase and Sales Agreement until you have the right info and contacts to back you up.