Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 18 years ago, 02/07/2007
marketing questions
hi all . what is the best way to market to find sellers with little to no money iam living pay check to pay check. i still new at real estate investing and iam trying to get my first deal.
if you're new to it, forget the first deal - learn as much as you can about the basics of investing before anything else.
the more you learn the more prepared you'll be to handle the reality of investing - big difference between the book and the street. BIG.
well iam not that new i been to some rei clubs and read books i am ready to get it done.
anyone send postcards,letter. bandit signs etc.
postcards, letters - direct mail marketing and signs cost money.
make sure you're ready to get it on if you're going to start spending that kind of money.
also - manage your money - it's all about budgets. assign a certain amount every week. also - note that direct mailing percentages are like, i'm guessing - 8% return and maybe half that in actual quality leads.
which one of these marketing method is low cost.
Originally posted by "re hustler":
If you've read enough books to get started you should know
1. The answer to that question.
2. How to find the answer to that question (hint: telephone)
iam not asking about the telephone
I am saying it is not hard to figure out which one is low cost...
..just call up different companies and ask how much it is to make cards, direct mail stuff, flyers etc...
If you have extremely limited funds what are you going to do when you actually do find the house. If I were in your position I would develop a buyers list first, then work on finding sellers, then connect the two for profit. Wholesaling real estate is a great way to start, just dont mess up the steps 1. Find buyer 2. Find sellers 3. Connect the two.
If you must find sellers yellow paper is cheap for bandit signs, get bird dogs working for you tell them you will pay them when the deal closes. Network with realtors who handle good deals.
Eric Medemar
I already have buyers. what is yellow paper?
Bright yellow paper that you buy at the office supply store.
yellow paper can be used for bandit signs?
yellow paper can be used for bandit signs? where does everyone get there post cards from
A print shop or make them yourself.
Hey guys,
I have been calling NOD Foreclosure lists for the past three weeks with no leads. I sevice loans for a private mortgage firm and I am just now using my real estate license.
Everyone keeps telling me that calling is the way to go. I understand that but there has to be a point where it becomes inefficent. My talk off is fine, it's just hard to get anyone even on the phone because chances are they are in debt elsewhere, not just on there mortgages. On top of that in CA (i dont know about elsewhere) they dont publish phone numbers on the NOD lists, so I have to use my skip tracing tools at my other job to get them and even then, they are probably disconnected.
My question is:
I want to change my tactics to maiings on a three tier system. Bascially send the same people a different letter or postcard each week for three weeks? Does anyone know if this actually works? What about a personal envelope with a quick letter and business card?