All Forum Posts by: LaQuadra Neal

@LaQuadra Neal I don't think anyone at the city will have this information for you, they don't really have a need to track it.  Sounds like your goal is to start a buyers list, I would work on networking at all of the local meet-ups and let people know what you do.

@LaQuadra Neal

I always start by explaining to them what my goal is and why...

“Mr seller, I buy houses at wholesale prices.... my goal is to bring your house back to its prime and make this a very nice home for the next family that needs/wants it. In that process I also plan to make a profit when I sell the home. In order for me to accomplish that, I have plans to spend approx 25-30k ( example) on renovations in order to update/fix/repair the roof, kitchen, floors etc.. and after the house is complete, I am hoping to sell the home for around 120k ( example) for all of that to work, I would need to buy the house for 65k in its current condition.

I approach this conversation from a teacher/educational point of view. My tone and body language is from a place of respect and professionalism. I want them to know i have done my research and I’m not just “lowballing” them for the sake of starting low. My offer is based on a formula, market research, business model, etc.. I haven’t bought as many houses as a lot of people on the forum but I have never had a home owner get offended at my offer or take it personal when I do this.

I also try to add value that isn’t monetary... for them.

Example: “you mentioned that it’s gonna take you a long time to go through all of grandmas old stuff and clean the house out..... what if I put a dumpster in the drive way for you at no charge.... or better yet, just take the stuff you want to keep and my team will take care of the cleaning after we buy the house... “”.

Giving them permission ahead of time to not fix anything or to just leave the mess as is can create a relief for a seller who is selling moms house after she passed etc...

I also offer to let them come back and have a private showing when the renovation is complete. If the house was a family home, this can be moving for some people who want to see “grandmas house” all fixed up again. They may even get excited that the house is going to “get its sexy back”

Good luck.