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Updated about 10 years ago,
Ideas to dominate your target market
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!