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Updated about 8 years ago on . Most recent reply

User Stats

235
Posts
72
Votes
Bradley De comarmond
  • West Hollywood, CA
72
Votes |
235
Posts

Advice needed on attracting out of state investors.

Bradley De comarmond
  • West Hollywood, CA
Posted

Hello BP nation!

My name is Brad and I am a newly licensed Fl Realtor. While I grew up in the land of milk and honey(Tampa, FL) where property is cheap and there is cash flow, I now live in LA, the land of Almond milk and Organic raw Manuka honey, where everything is a fortune.

I got licensed in Florida because I found a need for people out here with some money to invest out of state since they have read Rich Dad, Poor Dad and subscribe to BP instead of competing with established LA agents.

My question is this...

Since most people would be too intimidated to invest out of state, how can I show these clients that it is not only doable, but profitable and worth it?

I have feet on the ground in central Florida to send video, pics, etc., a broker with tons of experience flipping and working with investors, the ability to fly to Florida if need be, and a solid grasp on the numbers FL real estate offers compares to California. 

What else would you do or have in place? Keep in mind, I am just starting out on the agent side of the business.

Any specific ideas or insight you have is highly appreciated. Thank you

-Brad

Most Popular Reply

User Stats

2,478
Posts
646
Votes
Michael Lee
  • Investor
  • Coppell, TX
646
Votes |
2,478
Posts
Michael Lee
  • Investor
  • Coppell, TX
Replied

Hello and welcome to BP!  I would do digital marketing on popular Social Media sites.  I would put ads in Craiglist and renew them every week.  I would even put a sign in the yard if you can.Back to my first recommendation.  The digital marketing used should contain a link to your website.  Your main page should mention your listed sales sites and all of your contact information.  I would include pictures or video to show them off.  I would definitely agree that numbers you back up are critical.  If you are thinking about using a turnkey company I would focus on their experience and the quality of their unit is also critical, as well as their customer service history.  I do not know if you going out of town or you are attracting out of state people so I used both.

Good luck to you!

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