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Updated over 8 years ago,
BRRRR method and calling on pre-foreclosures.
Realizing how competitive the 2-4 family market is in Rochester NY, I have been analyzing more single family foreclosures in an effort to broaden my opportunities. Learning about the brrrr method was intriguing and makes sense for someone who is trying to get his feet wet.
I recently listened to a bp podcast from April I think, which the guest talks about how he made several thousand calls before he finally got his first deal. My question for the forum is centered around calling on pre-foreclosures, or other possible flip and hold deals before they're on the mls. How does one do it? The white pages, door knocking? Plus, once you get in and can make an offer, what logistics are involved? How do you know what you're offering will satisfy what they owe on the house?
Thank you all in advance for forgiving how naive I am.