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Updated over 10 years ago on . Most recent reply
Tips for marketing a distressed property?
We have a lead that we are negotiating with the seller on... The property has been vacant for 3 years. It is boarded up however at some point the neighborhood "kids" decided to paint a lovely mural and other choice expletives on the walls. It really isn't in terrible shape. ARV is around 70-75k. Property needs probably 30k worth of work to make it a flip or 20k for rent ready.
The question I have is what is the best way to market a boarded up property? I have access to a local REI clubs email list that I can have it added to. I was also thinking postlets. Any other tips?
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#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
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#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
Paint FOR SALE - INVESTOR SPECIAL! across the front of it in red spray paint!
Seriously, I'd have a huge sign made for the yard, etc. just to let people know it's being sold. Often the neighbors will know someone who is interested and neighbors have an incentive to see the property brought back to retail condition.