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Updated over 7 years ago on . Most recent reply

User Stats

132
Posts
25
Votes
Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
25
Votes |
132
Posts

Crossroads, Am I being lazy in the marketing department

Patrick Martone
  • Engineer
  • Monmouth Beach, NJ
Posted

I think I am being lazy. I have equity and construction experience I have sorted my financing. Now I am beginning to look for deals. I want to find MFHs and SFH in need of rehab in this competitive market (NY/NJ/PA). I am a builder and I want my time and energy allocated towards that. I do not want to mail letters and test different methods. I sound like a brat, but I just want to rehab, and only list with an agent.

  1. get re license for myself (only to finance my deals) 
    1. I hear its not as simple as just hanging your liscense at a brokerage.
  2. wholesaler
  3. agent
  4. Partner with an agent who can match my equity.
    1. he/she would find deals, i would rehab them, he/she would sell them.
  5. outsource direct mail and internet marketing?
  6. am i being lazy? Do direct mail and website myself though I really do not want to?

Most Popular Reply

User Stats

1,054
Posts
949
Votes
Ray Lai
  • Investor / Vendor
  • San Diego, CA
949
Votes |
1,054
Posts
Ray Lai
  • Investor / Vendor
  • San Diego, CA
Replied

@Patrick Martone

You shouldn't have to do anything you don't want to do. If you find some excellent wholesalers in your area, you will be in luck. The hard part is finding the rockstar wholesalers and agents. The rockstar wholesalers already have the same buyers that buy up their properties quickly in cash. Looking on MLS for deals is pretty tough, but if you have that much time to kill to look through 50-60 new deals a day, it's doable.

Have you tried going to your local REIA to look for partners? Sounds like you hate the most important part of REI, finding deals. That's completely fine though, there are other people that love that part and hate the other part that you're good at: construction/rehab

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