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Updated about 10 years ago,

User Stats

139
Posts
49
Votes
Griffin Fehrs
  • Wolcott, CT
49
Votes |
139
Posts

Ideas to dominate your target market

Griffin Fehrs
  • Wolcott, CT
Posted

A quick synopsis: I am in my first year of wholesaling and rehabbing residential property. I have rehabbed two houses. Recently, I have re-geared my pursuits. I have selected just a few towns in my area with the strongest market and plan to focus on higher end (in my market) rehabs. Collectively, a sizable market to get deals too. So, with a specific target market - the ultimate goal is to dominate this chosen market - which we all likely strive for.

Quickly brainstorming actions to accomplish dominating a chosen market:

Market Research - I.E. - Town sales, avg. DOM, Median Prices, desired neighborhoods, desired features and qualities that sell a house

Surf the MLS - Gauge idea of what is selling and for possible deals

Attend open houses: Meet RE agents

Direct Mail to target market

Contact Real Estate and Probate Attorneys 

Leaving cards and/or other market material at local shopping areas

Website designed for the area to generate leads

Local Paper Ad

Network - become friendly - with town officials/inspectors - maybe fire department for leads - if possible

Network with other active investors. Also, local REIA.

What other tactics can propel you to dominating your market and become a top investor in the area? Also, any opinions on my listed strategies?

Ideas encouraged!

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