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Updated about 10 years ago on . Most recent reply

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Jean Lowry
  • Aurora, CO
0
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9
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Marketing to Out of State Absentee Owners

Jean Lowry
  • Aurora, CO
Posted

I am doing a DM campaign to out of state absentee owners. What do you do when you get a lead for a house that is immaculate condition, so this is not  fix and flip. Do you market to a retail buyer on my buyers list or some other strategy. My intent is to wholesale the properties I get with this campaign, but I am not sure how to handle when the properties are not distressed. How would you handle it?

Most Popular Reply

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280
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68
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Jordan Archer
  • Rental Property Investor
  • Stuart, FL
68
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280
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Jordan Archer
  • Rental Property Investor
  • Stuart, FL
Replied

@Jean Lowry 

It all depends on the price that you can get the house under contract for. Ideally, all properties that a wholesaler will buy will be in perfect condition, and at a massive discount. The better condition a property is in will make it that much easier to flip to a buyer. Also, depending on the type of financing you can get (ie. seller financing, or a sub2 purchase), you can even wholetale the property and make way more money than on a wholesale. The best properties to wholetale are the ones in great condition.

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