Handyman · oakland, CA · Member since 2009 · 53 posts · 0 votes
I am a carpenter by trade, have owned a cleaning company and am no also a wholesaler. I am going to start a foreclosures clean up company to add to the list of services I can provide. I think it can be a very very good way to access the property for my potential buyers, and at the same time make some money doing the clean up and repair work. I would like to know from a realtor or banker or anyone that deals with foreclosures what would be the best way to market, and who do I need to speak with with the banks or real estate companies to get me going on contracts etc?
Indianapolis, IN · Member since 2008 · 759 posts · 185 votes
17y
In my experience, the Brokers contract the clean-out crews.
Here is what I would do:
Create a nice flyer, and drop them off at all of your local real estate offices. Make sure you are extra nice to the person at the front desk, just so they do not go directly in the trash! LOL
Wait a couple of days, and start emailing and calling the agents in that office. The purpose of this call will be to simply ask them if they received the flyer (this makes it much less of a cold call), and to strike up some small talk. Do not talk much about what you do, keep asking them about what they do. Agents love to talk about themselves!!! Any of them that sound promising, offer to take them out to lunch!!!
I would also have a website as well. It does not need to be fancy, but just to give the basic information on your company.
Real Estate Investor · Sacramento, CA · Member since 2008 · 566 posts · 356 votes
17y
Natalie
Find a friendly agent and ask them to do an MLS search including the terms "REO" and/or "Bank Owned." This will give you a list of agents with REO listings. They'll be your target. Many agents who handle REO's will also advertise this fact. You might also try a google search for "REO, yourtown," or sign up for a free week trial membership at one of those internet forclosure sites. Any of these will help you find who is listing REOs.
Real Estate Investor · North Carolina · Member since 2008 · 1k+ posts · 483 votes
17y
Where I'm at only three brokerage houses handle the bulk of REO's. "Bank Owned" or "Corporate Owned" are the key-words they use on their signs and listings.
Real Estate Broker · Jacksonville FL & Middletown, CT · Member since 2008 · 1k+ posts · 633 votes
17y
i'm not an reo agent, but i got this very simple email from a guy who does cleanouts for reos. i dont know how he got my email, but he emails me periodically. I never respond but he stays on the top of my mind as omeone available for that when I need it. Didnt cost him a cent either to do that.