5/20/12 BP Newsletter: Pacing Your Investments, Increasing Profits, & Speeding Up New Deal Screenings
Hide thisMonday, April 20
Building a buyers list:
Find your local chapter of "National Association Of Remodeling Contractors" (easy to do online) and call a couple of dozen names on the members roster. Interview them and if it looks like they are rehabbers, say to them:
I'm a real estate investor who buys, renovates, and sells single family houses. I'm very good at finding excellent properties that are candidates for renovation. I often find more properties than I can handle.
In the past, when my plate was full, I'd make note of properties I couldn't handle in hopes of getting back to th owner at a later date.
Now, if I find a property that looks like a profitable deal is that something I should give you a call with?
Most other real estate investors have ignored this segment of the buyer market. Make a couple thousand and leave the lion's share of the profit for the investor doing all the hard work.
Nancy Dito Reply
about 3 years ago
Hi Eric,
Thanks for the tip. I've been trying to build my buyers list and it's trying at times. Here is another tip I don't know if you've tried or not: go to the home auctions and find buyers there. People are wanting to purchase at a discount and they have the money. I found two good buyers.
Thanks again, Nancy Dito Bomar Investments
Gail Smith Reply
almost 3 years ago
Hey Eric...you look familiar and I recognize that card! Were you in Atlanta for the bus tour with mark in april? Gail
Harrison Painter Reply
almost 3 years ago
Congratulations on getting started with a blog!
Great post!
~Harrison Painter