Specialist · Columbus, OH · Member since 2017 · 21 posts · 21 votes
Hi,
I'm relatively new to BP, but I have been diligently listening to the podcasts and have been learning quite a bit. Here's my story..... I am a 23 year old who is trying to invest in the Columbus, Ohio market. If anyone is familiar with the market, they know that it is almost impossible to find any type of deal on the MLS, which an agent has provided for us. I have partnered with my uncle (who showed me on to BP), and we are just trying to find the best way to find deals in a hot market. I have just joined my dad's business, so we are both investing in our spare time. My father and I own a housing foreclosure business and a property inspection business, but the foreclosure business is bleak right now due to the nature of the market, so minimal leads. If anyone has good advice, I am considering yellow letters and things like that for absentees, tax lien properties, and routes such as those. Anyway, thanks in advance for the advice!
@Thomas Harr in a hot market anything on the market tends to go for top dollar. So you need to find off market deals. Direct mail is one way. I prefer to target specific properties, typically vacants, and track down a phone number.
There is a lot that has been written here about direct mail. As well as ways to find deals. Burnt out landlords is a good group to target.
@Thomas Harr I purchase 3-5 properties a month at tax sales, the MLS and my network of other investors. You should get your RE license. I find at least 1 property a month on the MLS. You have to really know the market and act quickly. Also get to know a lot of other agents. Once they know you are serious they will eventually bring deals to you but it takes time.
@Thomas Harr in a hot market anything on the market tends to go for top dollar. So you need to find off market deals. Direct mail is one way. I prefer to target specific properties, typically vacants, and track down a phone number.
There is a lot that has been written here about direct mail. As well as ways to find deals. Burnt out landlords is a good group to target.
That is kind of the route I have been trying to go. Do you recommend buying these lists from lead services that provide the addresses for absentees, etc? We are just having a hard time finding the best way to get the addresses of these types of people. Any advice helps. Thanks by the way!
That is kind of the route I have been trying to go. Do you recommend buying these lists from lead services that provide the addresses for absentees, etc? We are just having a hard time finding the best way to get the addresses of these types of people. Any advice helps. Thanks by the way!
Not good to use a list provider in a hot market because that's exactly what other investors in hot markets have done and are already spending thousands mailing those addresses.
You're better off putting together your own specialized lists at the local court house or the assessor's office you can get this type of info.