All Forum Posts by: Vasant R.

@Cornelius Garland

Great! Thanks for the insight.

@Cornelius Garland

Thanks for the advice. I'm going through an RE Agent, so I (myself) don't have contact with the seller. Do you suggest that I ask my RE Agent to contact the seller to follow up on the offer? How do you handle this when working with an Agent?

@Christopher Charles

Awesome! Thanks for the detailed list of suggestions. This gives me a lot to think about. I've been pretty focused on the MLS, but this will give me several different ways to find deals. I just need to do some research on marketing (different direct mail styles, getting a PO box, cost of getting lists, etc.).

@Christopher Charles 

So far most of my leads are from the MLS. After reading some of these comments, I'm thinking about more 'driving for dollars' and possibly starting some marketing (direct mail, website, etc.)

Thanks Matt. I know my agent talks to the listing agent, but I've just never heard anything back about the reason for selling. I'll ask specifically about that next time. And that's right, I can always do some research on my own to find out more (owner occupied, etc). 

@Matt K., How do you find out more about the seller? I'm never in direct communication with them. I'm using an real estate agent who I ask to put an offer in and that's pretty much it. Do you have any advice on finding out why they are selling?

@ Owen D., that's awesome! Congratulations on the growth. I'm a newbie, and haven't really done much marketing. Only finding deals on the MLS (trying to). I might bug you later with some questions. I need to look more into creating a website and/or a direct mail system. Thanks again for your input.

So Owen, have you been able to acquire any good deals through the MLS (during a hot market)? Or are all of the deals your able to get through direct marketing? I've mainly been trying to get deals through the MLS, but it's frustrating now. Whenever I do find a good deal there are always multiple offers on it (over asking price, cash, etc.). Can you elaborate on what kind of marketing has worked for you? Are you 'driving for dollars' and mailing the properties you find? Or purchasing some kind of list (probate, tax lien, etc.)?

Thanks for the comments. It makes sense if the house takes a long time to sell, but what if it's a hot market and the property has multiple offers right off the bat? Is being one of the later offers more advantageous? 

Thanks Matt. I didn't think about the other ways in which the offer sounds good - down payment, closing cost/time, etc. I should also always get my worst case price to know exactly when of walk away. So far I've never got a counter though.

I've been having a hard time finding a property to purchase. As soon as I seem to find a decent property there are multiple offers on it. I've ended up putting in the offer anyway, but nothing has come out of it yet. I remember hearing Brandon Turner say to try to be the 1st offer or the last offer (either on the podcast or a webinar). I'm always trying to be the 1st offer, but it just hasn't happened yet. How can you be the last offer? If you wait too long before submitting the offer, I'd assume you'd miss the window and the seller will not accept new offers - right? Can anyone shed more light on this? 

Thanks