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Updated over 10 years ago,
Crazy listsource criteria for wholesaling
Here's my weird idea for ListSource criteria:
SFR
Absentee Owner (out of state)
40%-100% equity, with a minimum of 30k
100k-400k current market value
:: Last Market Sale Date - 2009-2012 :: <-- This is my weird idea
I figure since home values crashed 2009-2012 and they've come back up 30% in the last year here in Phoenix, some of the people with decent equity are those who have just purchased. I'm guessing there are absentee owners who are already sick of landlording long distance and want to be rid of their properties and move on.
I've seen a few people here complaining about a low response rate from their absentee list, so I'm wondering if my criteria hasn't been hit as hard. Let me know if this is a dumb idea!