All Forum Posts by: David Doyle

Thanks Guys I'll keeping plugging away
Mary B you are spot on here in Los Angeles most FSBOs on Craigslist are as you say "investors reflipping wholesale deals"
Id say 95% of the ads on there
BestRegards
Dave Doyle

Or,,,,
Is it a waste of time,,,
Some coachs base their whole seller marketing program on scoring FSBO's on Craigslist
Any help appreciated
DD

In a word Clay I am finding most S Calif owners of buildable lots want and expect to get way more they they are worth and honestly,,,Im at the point where Im just not gonna mess around with em any more,,,",to many fish in the sea" out of state,,,in other states,,,,,DD

Thanks to everyone for their timely replys so far,,,

DD

Has anyone had any success buying For Sale By Owner on Craigslist ?
I have a couple wholesaling courses where the writer advocates this as a viable strategy.In my experiance most folks posting on Real Estate For Sale/By Owner on Craigslist are investors peddling a rehabbbed/refurbished house & are really looking for a retail buyer.I have found u have to wade thru 40 to 50 ads before you find an actual "Mom and Pop" seller with a fixer house for sale.Not a very efficient prospecting strategy.Any comments or insights greatly appreciated.

Its simple,,,,,
Do a Google search and look at their Report Card ,,,Have they been good boys or bad boys?

Bad boys complain bitterly,,,,

Do they have testamonials from happy franchisees with Phone numbers and websites? Are they working phone numbers?

You get the picture,,,,

(Do ya'll want fries with that????]

Go slow ,take your time,,,glean knowledge,,,,check things out before you sign hard,,,,

Thanks Emilio
Will pursue,,,
Dave Doyle
Los Angeles

OK Emilio,,help me out here,
What would we do in this case?
Where,as you say comp price is 150K?

Or consider this the seller wants an unrealistic price for his buildable lot but he doesnt have time to wait for his buyer

Wouldnt he be better of to take part in a Joint Venture deal where a group of investors decide to build a spec house or multi family units,maybe some nice townhomes or a duplex on this building site.The lot owners contribution as a co investor is the lot itself,everyone sits down and they establish a realistic value for the lot ,the buider and architect present a proposal for the plans and cost of construction, a cost for the project is established and an exit strategy,

Wouldnt the seller of the lot /s be better offer participating something like this and attaining the target profit he wants to make?

If the investor and potential buyer of the lots had the network and resources wouldnt he be better off making such a proposal to the seller rather then submitting a simple all cash over like anyone else?

Please advise
DD

Thanks Emilio
Thats what I figured,,,,,
It looks like the price for the lot can be no more than 20% of the sale price point of the spec house
DD

Hi gang hope all is well
I have a oppurtunity to make an offer on 2 buildbale lots in a dense blue collar area in Orange County Calif,,,
My feeling is the seller wants too much for his lots,the truth is,his price is "Too Dear" as my Grandpa from Pennyslyvania would say when we bought collector postage stamps mail order
How do I approach this with intelligence and candor,,?
\This is a once and a while thing ,but i still need to master it when the occasion comes up,,
Building a spec home in L.A would make sense if u could buy the lot right,
I have heard the investor should pay no more than 20% of the APR for the lot
Any help greatly appreciated,props and congrats to J Scott on his new books,,,,,,,
DD in Los Angeles