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All Forum Posts by: Jill H.

Jill H. has started 14 posts and replied 58 times.

Originally posted by @Dean Letfus:

I disagree, in Memphis anyway. The MLS is hardly a primary mens of selling here. Farm the list to wholesalers and turnkey, if the properties are any good they will sell easily enough.

Curts question is relevant in the sense that if the owner is experienced why use a newbie, but maybe he is just a tired landlord and you turned up on the right day!

 Thank you for that! Dean I work with investors all day everyday, but marketing is primarily done in the mls.  I know cap rates projections and  etc its secondary.  I never not put a listing in mls!  I guess in a sense I am a newbie....  The mls was my marketing tool, real estate agent bought buyers to me. Investors call me based on mls listings.  No way the investors I work with can purchase that many properties their pocket are not that deep.  I have to find other investors outside of my scope.  Out of the mls.....

Originally posted by @Curt Davis:

Wat I dont understand is why would an experienced investor who owns this many homes have you who lives in Georgia market Memphis properties when you are brand new and dont truly know what you are doing?  

Good luck

I lived in Memphis and family there, know the city well. I am not brand new, I deal with investors all day everyday. Cap rate projections is a second language. My "question" was, where to find buyers if you can't market the property in the MLS???? Sending John a list doesn't via email doesn't appear safe to me. Without the MLS please tell me how you market or acquire your properties? Auctions/mls/investments brokers?? Please tell me what system you use to upload 20+ quickly? Self marketing/promotion is a different story sir without the mls. I came here for advice not criticism. thx

Originally posted by @Isaac Rowe:

As an agent who works primarily with Buy and Hold investors in the Cleveland area, I believe that those properties SHOULD be on the MLS. I see and work with buy and hold people buying and selling on the MLS all the time. It is a great tool and should be utilized along with the many tools for moving property. You dont' have to exclusively use the MLS.....

Also be careful who you send that list to if you dont' have them under contract.  Many people will simply try to bypass you.  

I agree, its a valuable tool!  I will be careful!!!

Originally posted by @James Wise:

@Jill H. 

Why in the world would someone choose NOT to use the MLS? The MLS is the very best option to sell a property. Going any route other then the MLS limits the amount of potential buyers.

I imagine you are an agent & surely you should be able to explain this to the seller.

However, if this guy doesn't budge and you need a great website to sell your properties without using the MLS you have already found it.

The bigger pockets marketplace is where you would be able to sell those homes.

I knew the MLS was valuable, but until now I didn't know how valuable. Ryan mention turnkey is for out of state buyers. I have to find those buyers "without" mls. I deal with investors all day but the mls was my marketing tool!!

Originally posted by @James Wise:

@Jill H. 

Why in the world would someone choose NOT to use the MLS? The MLS is the very best option to sell a property. Going any route other then the MLS limits the amount of potential buyers.

I imagine you are an agent & surely you should be able to explain this to the seller.

However, if this guy doesnt budge and you need a great website to sell your properties without using the MLS you have already found it.

The bigger pockets marketplace is where you would be able to sell those homes.

I knew the MLS was valuable, but until now I didn't know how valuable. Ryan mention turnkey is for out of state buyers. I have to find those buyers "without" mls. I deal with investors all day but the mls was my marketing tool!!

Originally posted by @Ryan Mullin:

Hello!  and welcome to the site!  

So... my first question would be how much you plan on making per property? I ask this because selling turnkey properties is extremely difficult. And your operator is correct with not wanting them on the MLS. The MLS is for local realtors and there clients, where as turnkey properties are more for out of state investors and your personal network of investors.

The first thing I would say is you have to be an absolute expert in the area that you are selling.  So if your selling Memphis you need to know more about that city than the locals do.  If you don't your potential buyers will eat you alive with questions about population growth, local economies, demographics of neighborhoods and much more.  

Next is knowing the property management systems inside and out.  What is the management fee, is there a lease up fee, what is your vacancy rate, when is rent late and whats the late fee, etc etc...   Any investor thats savvy enough to succeed within a TK system will be asking all these questions and many more.  

Cap rates... you HAVE to understand capitalization rates and how they work. Can you explain the benefits of X property that has a 7% cap rate VS. Y property that has an 11% cap rate...? Essentially you need to understand the ROI associated with real estate (and Ideally investing in general) and how cap rates, equity, appreciation, and liquidity all play different roles. ..and when you advertise your properties be sure to quote the most accurate numbers you can. Exaggerating your numbers might seem tempting because lots of TK advertisers do this but in the long run honesty is the best policy.

In your post you ask if there is a website where you can find TK buyers.  There is!  You found it!   BP has a ton of investors looking for passive income.   But you can't just throw up an ad in the market place and expect buyers to flock to your property.  Well...  you really can't do that until you upgrade to a Plus or Pro account...  but what I was getting at is you have to build trust with your buyers before any one will even pay attention to your properties.  

You need to be confident and sincere when pitching a turnkey property.  Here is the test:  Would you feel confident selling this deal to your Mom?  Grandmother?  Brother?  Best Friend?  etc...   or better yet would YOU hold this property as a rental?   If you wouldn't hold a deal your self then I wouldn't try to sell it turnkey...  especially to a BP member.     

Hello Ryan, thank you for your reply and help! I "pm" you with a reply. "Marketing without the MLS is hard stuff". I deal with investors all the time but the MLS was my marketing tool.

Originally posted by @Isaac Rowe:

As an agent who works primarily with Buy and Hold investors in the Cleveland area, I believe that those properties SHOULD be on the MLS. I see and work with buy and hold people buying and selling on the MLS all the time. It is a great tool and should be utilized along with the many tools for moving property. You dont' have to exclusively use the MLS.....

Also be careful who you send that list to if you dont' have them under contract.  Many people will simply try to bypass you.  

 Thank you!

Hello, I am new to the forum, hello to all!

My questions is, I was contacted to assist in marketing 20+ turn key properties for a gentleman in [REMOVED]. But he doesn't want the properties marketing in the mls system. Over half of the properties are turn-key with renters already living in them. The others are already rehabbed. I have to find buyers or bulk buyers that will purchase these properties with the renters. Could anyone please tell me how to find for a list, a website for buyers of turn key properties??? This is not like putting a property in the MLS system and they come to you. I want to help this gentlemen, but where do I start to try to buy buyers for these type of properties? Or is there a great website out there that deals turn-key because I can't find it. I am truly lost!! One option was to place with an auction. There has to be a better way, I just can't figure this out. Thx for any help or suggestions!!!!!!!!!!

MODERATOR:  THIS IS A REQUEST FOR MARKETING ADVICE, NOT AN OFFER TO SELL THESE HOUSES.