Updated over 3 years ago on . Most recent reply
Real Estate Investor
Hi Everyone,
I am just getting started in Real Estate Investing as a Wholesaler first. There is a lot to learn. I have the Mortgage Industry as being part of my background. So I have established relationships within that field and so I feel that Real Estate Investing is similar. It takes establishing relationships with the sellers, cash buyers, other wholesalers, contractors if one is flipping a house and establishing relationships with banks and private lenders.
I have found, it's not that difficult to find deals that are off market. There are two things that is difficult for me.
1. Finding the seller's current contact information (I do have skip tracing).
2. What to offer and getting the seller to say yes to the 60% to 75% below market value in this market.
Sellers want the market value of their homes even though they are in foreclosure. Any ideas?
Most Popular Reply
Volume play is the easiest path. Sniping the ultra-motivated lists is an option, but very saturated and likely you will have large gaps in your pipeline and dealflow. Find a scalable marketing channel while continuing trying to pick off the forclosure and other motivated lists.