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Updated over 1 year ago on . Most recent reply
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Approaching off-market properties
Hello BP community,
I recently got a Propstream subscription, and pulled some interesting lists in my County. Like - Pre-foreclosures, High equity, Tired Landlords, Tax delinquency etc.
Then, I used Skiptrix to skiptrace all the properties to find their owner's information.
Now, I have the list of all properties with the owner's contact information. I'm confused as to what to do next. I have a VA who's ready to do the cold-calling for us, but I have some questions:
1. Should I be giving the script to my VA for each type of list?
2. How should the offer be? Like, for example, I saw a property with the following details:
owner: is not living
occupancy status: empty
the owner has high equity
property value: $306,000
equity: $190,000
loan balance: $115,000
like in this case, how much will I be buying this property for? What can be his motivation to sell the property to me?
I'm just beginning to look into off-market deals, and have the first step done: getting the off-market lists ready. Now, stepping into the cold calling phase (step:2), so if any of you have any scripts or any reference materials or docs that you have that would be helpful.
Thanks in advance.