Wholesalers and rehabbers... what “list” will boom?

Question

Hey guys! I have been watching so many different investors predict what is going to happen after this COVID-19 crisis. A lot of people think there will be a lot of foreclosures, A lot of people think people will want to move before their homes depreciate in value. My question is what is your prediction? What “list” do you think will be the most booming when the dust settles?... I’m a newbie and I’ll guess foreclosure and high equity absentee/60+... but I could be wrong !

Let’s brainstorm... What do you think?

Rickey Miller Jr · Answer

Great question, so personally I'd want to mention their isn't a best list. I would say whichever list you go after I would try to be consistent on whichever is your marketing campaign. If you want to maybe try the storm that may possibly happen in the future possible look into (Tired Landlords), (Multi-Family) and (Ticking Time Bomb).

Tired Landlords: 5 or more years of ownership, not listed on MLS, Location out of State and Local, Estimated equity 50% or more, owner type individual. This can be pulled from Listsource, Propstream all kinds of places.

Multi Family that are close living Quarters: Residential, Multi-Family/Condos/Town Houses, 50% equity or more, owner - individual, location out of state and local, not listed on MLS.

Ticking Time Bomb: Vacant, not on market, residential, SFH & Condos, 5 Years minimum of ownership, estimated equity 50% or more.

Hopefully that helps, I'd just honestly recommend if you haven't gotten your first deal whatever list you start with just make sure you finish it to maximize your results and don't forget to follow up!

Jerryll Noorden · Answer

Lists are bad period.

Lists are luck. It is a gamble. Just because someone has 2 houses doesn't mean they are more likely willing to sell one. That is COMPLETELY bogus.

Not because someone owes nothing on their house will the chances be greater they are in desperate need to sell their house for far below market value.

People think that a list is some mystical legendary scroll, that magically increases the chances to get a lead.

It is utterly ridiculous.

Yeah sure you can combine the criteria, and hopes you have better chances. That is simply "calculated LUCK"... yet "luck" nonetheless.

If you really want to make it as a successful investor, start thinking about real lead generation methods.

SEO, FB ads, PPC.

Stop it with the lists.

Go out and find that the cost/deal is for PPC or facebook ads. Get a solid website and make it credible and do real marketing.

I am willing to bet you will benefit far more from that then fiddling with lists!

With these real methods, you can laser focus on your ideal target audience. You will position yourself in front of that audience and they will take that step to contact you. Doesn't that sound more logical?

Yes, yes it does!