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Updated over 3 years ago,

User Stats

41
Posts
15
Votes
Joel Castaneda
  • New to Real Estate
  • Northridge, CA
15
Votes |
41
Posts

Noticed a FSBO sign on a home

Joel Castaneda
  • New to Real Estate
  • Northridge, CA
Posted

Hello to all Bigger Pockets members, 

I hosted my first meetup in my neck of the woods and shout out to the one and only member that joined me. :D

I mentioned to him that I noticed a FSBO while driving on my way to work. From previous seminars I understand a FSBO could be an oppurtunity. I just am not sure as to what steps to take next.

I am thinking about knocking on the door of homeowner or I can call the phone number that is one the sign and asking why and how much he plans to sell his home for. I just don't know what to do next. What I would like to do is hopefully connect with a local investor who would then take on the remodeling project adding to his/her portfolio. The member suggested I ask the BP community, so here is that .

Home 

Thank you in advance to any one who responds. 

Some questions that I thought about asking are:
1. what comes to mind when you see a FSBO sign on home that doesnt appear to be a mess

2. what methods would you use to contact homeowner, and what do you say

3. What info do you ask for and how do you determine if it meets your criteria

4. As someone who intends to connect off market properties with potential fix & flippers, would it be best to lock property under contract or do I just call a known house flipper

5. Not having any prior credible experience, what are some pointers to keep in mind in order to assure the end buyer and original home owner are protected?

6. Prop the most hardest question , what is a respectable and ideal fee to collect? Does it depend on deal or should it be fixed? 

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