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Updated almost 7 years ago on . Most recent reply
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Large company getting all the good deals, need advice PLEASE!!!
Hi everyone. My name is Kevin and I am just starting out in real estate and i need some advice. There is one company in my area that does around 75 flipping properties a year. Any flippers in our area i have talked to lately all have said they are having a hard time finding good deals. A just talked with one today who told me he hasn't been able to find one in over a year. I have also found out that the owner of this company has all the asset managers for the banks on "speed dial" which is preventing everyone else from gaining access to these properties. Is my only option door knocking or direct mail? Is there any other way to find good deals even though this company has first access and is jumping on every one worth investing in? Any opinions or suggestions appreciated. Thank you.
Most Popular Reply
If you try Direct Mail - look for some alternate lists to find off-market sellers that they have overlooked. The Financial Stability model can target people who are likely struggling - before they show up on the pre-forclosure databases. Also, Seniors with 20+ years of ownership are often ready to downsize.
Talk to a list broker to get suggestions.