All Forum Posts by: Sean Gibson

It all depends on how much money you have available to market with.  You could spend more time than money and scrub the list for houses that have equity by looking up the property info.  A quicker way to accomplish this is to pull an equity list (from say, Listsource) and compare the properties that are on your code violations/tax delinquency list with properties you know have equity from your equity list.  Good luck.

Hello BP,

I am a part time investor (accountant by day) out of San Antonio looking to joint venture with those interested, mainly wholesaling. I have more leads than time to work them and am more than happy to split some of these leads with other hungry investors. This process will involve looking at houses and locating/making offers to sellers and converting so please be committed to the process and understand there’s work involved. If interested, please PM me for more details and we can see how we can add value to each other’s business.

**Happy Investing**

I'm new to it myself, but I will give you my two cents. It works really well as a first level scrub. I wouldn't expect 100% accuracy out of it but it will help you cross reference info to help locate a seller, every once in a while it will do the job and get you some good info that will lead you directly to a seller. My suggestion would be to use it to cross reference info to find what you need.  Hope this helps 

Heres my two cents....as an investor, you are a problem solver. It's your job to understand what the homeowners motivation is for selling and help solve that problem.

Sometimes sellers just aren't that motivated...it happens all the time. Put a follow-up system in place and try to be the first one on their mind when they do make that transition from unmotivated to motivated. This is where building rapport is important.

If you are close on price in the negotiation and you understand their motivations for selling you can try switching gears and negotiate profit. It's easier to negotiate $5k in profit than $10k+ in price. Also, you have room to structure terms if they are stuck on a certain price for one reason or another.  

@Garth Fritel I did have some success with door knocking in the little time Ive done it (stuck to a different marketing strategy - and recently started implenting door knocking).  On my first day, I got a property under contract....although the seller needs someone experienced with short sales, which I am unable to add value there.  I also ran into another investor that got the property under contract days before I got there, ended up being a good network opportunity.  All in all I think door knocking foreclosures is a good avenue to go down in you're willing to be consistent and follow-up.  Its not for everyone, which is fine with me, because there are people out there every month that want the help and are willing to take it.

Hello Eyan,

That is correct, my buyer is looking for a property in the $85k range as-is.  He is going to be doing the rehab work himself with his team as he is a contractor.  The end buyer is a civilian, not an investor, so theres flexibility on terms.  The buyer is looking for a property to move family close to his residence.  Only criteria is the house is a 1 story in the $85k range.  If you have something that fits the criteria please send me a PM.

Thanks,

Hello BP Community,

I have a buyer actively looking to purchase a home in "as-is" condition in San Antonio around the Lackland AFB area (78227 zip).  House preferably in “as-is” condition (fire, flood, mold, damage okay), must be a 1 story, preferably $85k or under.

Thanks in advance,

-Sean

Gotcha, thanks for the input. I'm looking to do some subject 2's  on preforclosure's which widens the net of potential deals. Market currently has an inventory of 3.6 months so selling should go by quick, it's the terms I will be marketing to buyers 

Hello BP community,

I'm going to start marketing to preforclosure by door knocking. I was curious for those that have tried this method what the success rate looks like (for every x houses brings y deals on average). I will be tracking my campaign and find it motivating to see the results of others.  Thank you in advance  

use your creativity, try not to do what everyone else is doing....that's where all the competition is. It will work in time, but will take longer as its all a numbers game. Knocking on doors sucks! But it works. Try to get lists that most won't/can't get access too....like tall grass citations. The harder to get the list of leads the less competition from other investors. Look at what areas you are marketing in also, opportunity is problems with a red bow tied on it. Good luck! Persistence is key, and don't be afraid to try new things