HOUSES IM WILLING TO BUY?

Question

hello,

so, I have some questions pertaining two homes that have been vacant for some while now down my road 3bed/2 baths and I'm wondering of how to get in touch with the owners if I'm looking to buy and rent? and should I have lending in place before I talk to these owners just in case there willing to sell or how does that work in lending side, don't I need some sort of gameplan before going in?

Scott E. · Answer

Great feedback already given by Brenden. But I'll add that if you are not experienced with the approach and scripting as he describes, consider whether or not you have any local investors, wholesalers, or real estate agents who can help you navigate that conversation. They can act as a mentor figure for a fee perhaps.

Sending direct mail will likely not result in a callback until you have send them 3-4 bits of correspondence. If you can get their phone number or email, that is ideal. Or if you're brave, knock on their door!

Brenden Mitchum · Answer

Hey @Artemio Alanis Jr, welcome to the BP community!

Having a game plan would be wise. What do you do if they say, "I'd love to sell my property to you - send me the contract and proof of funds!" ?? You'll need to have your ducks in a row before you reach out to them. Plus, nothing will kill this deal faster than them realizing you have zero idea what you're doing.

Financing is important for a couple reasons: 1. You can show proof of funds which tell the owner you're serious about buying their property. 2. This will also give you confidence when speaking with these owners that you can close the deal.

Getting a hold of the owners should be the easy part as long as they have not been overly protective of their privacy. Just use your county tax assessor's property search tool to determine who owns the property. This likely also has an address for them that you can mail letters to or stop by in person if it's close. No guarantee it's up to date but wouldn't hurt to try. Now that you have their names you can also skip trace their phone number (email too if you want). Use free sites like White Pages or Fast People Search or paid tools like PropertyRadar or PropStream. Be prepared for what you'll say before you start calling numbers!

Hope this helps a bit. Please, feel free to reach out anytime if you have other questions or just want to chat!