All Forum Posts by: Skylar Simpson

CFD's are one of my favorite ways to purchase and sell properties so hopefully this will help:
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I find MOST of my buyers through facebook groups. I'd highly suggest joining every single buy/sell/trade group for the city your property is in and posting it with the terms. I'd also post it in facebook market place.
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I've found a lot of buyers off posting my CFD on Zillow as well.
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I also always tell the neighbors near the house (4 in each direction and across the street) AND I put a sign in the yard because people also drive by.
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If you have more signs put a sign on the closest main road and you'll get a bunch of calls as well.
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You can also find buyers by calling mortgage brokers and asking if they've had anyone come in recently that couldn't qualify but had a down payment and tell them why you're asking if they question you.
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That's a bunch of ideas that work for every CFD that I've done and how I've found all of my buyers. I will say the BEST one is the facebook groups though. For one of my properties that one strategy got me over 1000 (yes that many) inquiries.
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Hope that helps - let me know if you have any questions.

I don't wholesale much any more but do your best to get as much free info and marketing as possible when you first start.

Check out "Max Maxwell" on youtube. I've heard good things about him and his videos are very helpful.

@Dave Foster Aw yep you are right about that - That's what I get for commenting so late. Thanks for looking out for him with more direct info :)

@Dennis M. Ya that was my only concern as well (time wise). I generally don't do owner financing unless its a minimum of 3 years for multiple reasons you've included.

I agree though a lease option might be a better choice in general with the info that's been spoken about, but there is a lot going on so you'd need to make sure if in 2 years this person decides not to buy you have a back up (which it seems like you might already have).

Hey Sam,

You'd have to owner finance to your buyer to keep the sellers mortgage in place (or something similar). Which is what I'm doing right now on a property I have.

Hey Scott,

Well I specialize in Owner Financing deals so I'll see what I can do to help.  So if you plan to do a 1031 exchange in 2 years then you'll want your owner financing to have a balloon for that time to insure he cashes you out then.

Are you wanting to have interest on your owner finance or no? If you want interest then at 75k purchase price and $850/month that would be about 13.347% interest on a 30 year amortized owner finance w/ a 2 year balloon.

You can use whatever type of owner financing you want but I generally use a Contract for Deed in most cases. Though for me I won't do an owner finance unless the person has 10-15% down either so that's really up to you how you want to structure it.

Let me know if you have more specific questions.

Aw you are wanting to be a tenant finder for OTHER people - not for your own properties? I have a buddy that does that. It's one of the many ways he makes money as an investor.

If you are able to build a list you can JV/Partner/Consult with people who have vacant homes or places that need filled and make a small fee. Though I wouldn't suggest that as your only method of making money since the amount you'll get paid will not be very high.

Up to you though. Talk to landlord who have "for rent" ads up and see if you can talk w/ them about how you can help them or provide value and see where that takes you.

Hey Alana,

So one of the biggest issues I see with new real estate agents (and investors) is they are doing the same thing every other agent in their market is doing. They are not becoming the authority in their market.. they are just another face among the thousands of other realtors/investors.

The absolutely best advice is to start building your network (other agents, title companies, management companies, investors, mortgage brokers etc...). I would be surprised if your brokerage taught you much about creative networking or how to become an authority in your market since that is harder to streamline, but its the BEST way to become successful in any market you choose.

Do mailers work? Sure they do. Do hangers? Yep. But they will never out perform a well built authority driven network that you create not only online but offline as well.

Hopefully that helps or at least gets the juices flowin to help you start thinking outside the pre-packaged training :)

Hey Hugo,

It works the same way for everyone regardless if you call yourself an investor or not. Do you have a specific example we can help you with? You can do a straight rental, lease option etc...

Hey Andrew,

So I specialize in creative financing/owner financing deal structures so I should be able to help you out.

Could you provide more information about the deal- i.e. what you are paying, how much a month (to bank and him), what you are planning to do with the property (live in? Rent?), price of property, interest etc... 

It's rare a seller actually even understands owner financing so this could be a good opportunity for you to save money or even make money if you do it right.

It's all about the numbers and what you plan to do with the property. So give us some more info and I'll see what I can do to help :)

 Any time at all Dennis. I know exactly where you are coming from so I can speak from experience :)

Let me know if you ever have any questions I can help you with.