BiggerPockets

I just got a contract signed for a single family house in Chicago that needs to be rehabbed. I think the number are pretty solid but I am looking for some help finding a buyer. Where do you guys advertise if you don't have a buyers for a certain area?

I have been placing ads on craigslist, kijiji, biggerpockets, and facebook but have had a very small response so far. I have someone that seems pretty interested and is goign to check out the inside of the property today but I want to keep advertising so I have a back up in case this buyer decides against it.

Any advice would be much appreciated.

Throw up some bandit signs or advertise on online classified sites.

Brian Haskins

The number are:

ARV - $135,000
Repairs - $50,000
Asking - $20,000

Wish I had the article to post here.

It was talking about a recent auction in Chicago. The houses were literally being given away. They lowered the price all the way down to 1k and nobody bid on one. Many were going for 5-15k. So I am wondering if you paid too much for your house and hence the reason you can't sell it.

My guess is your ARV number is Way Way Way off.

It has been my experience in the last 4 years of real estate if the house is priced to sell it will sell fast. If it isn't well...it will sit and sit.

Goodluck

Originally posted by Nicholas Richardson

I just got a contract signed for a single family house in Chicago that needs to be rehabbed. I think the number are pretty solid but I am looking for some help finding a buyer. Where do you guys advertise if you don't have a buyers for a certain area?

I have been placing ads on craigslist, kijiji, biggerpockets, and facebook but have had a very small response so far. I have someone that seems pretty interested and is goign to check out the inside of the property today but I want to keep advertising so I have a back up in case this buyer decides against it.

Any advice would be much appreciated.

Craigslist has been very helpful for me target by state specific

Originally posted by Nicholas Richardson

I just got a contract signed for a single family house in Chicago that needs to be rehabbed. I think the number are pretty solid but I am looking for some help finding a buyer. Where do you guys advertise if you don't have a buyers for a certain area?

I have been placing ads on craigslist, kijiji, biggerpockets, and facebook but have had a very small response so far. I have someone that seems pretty interested and is goign to check out the inside of the property today but I want to keep advertising so I have a back up in case this buyer decides against it.

Any advice would be much appreciated.

I found craigs list to be very helpful.
Search state specific

Hello,

I'm actually in the same situation right now, but my numbers are a lot different than his. I've advertised on craigslist, biggerpockets, haven't tried facebook but the people on my facebook are all people I went to high school with and I'm sure at this point in their life they don't have the cash to pay. I was thinking about actually opening up a website and having marketing through the internet going directly to the website and then from the website it connects to everything like someone in a previous post said to do. Any other ideas though...

Right now I specialize in selling to investors who are interested in buy, collect income, & hold for future sale. The property that I have right now is a 3 bedroom, 1.5 bath with over 1800 square feet. The positive cash flow from the property is $700/month from the tenant. I'm selling it at wholesale price which of course is anywhere from $25,000-$35,000 depending on the property. I have put over $13,000 into renovations on this particular investment and she is a brick cobblestone finish home which are the ones that go for the higher end of the wholesale pricing. It's an absolutely gorgeous home because I made sure we made it better than any other rehabber in the city. The only thing now is we need to sell it to keep moving on and I would really want to have perfect marketing to where I can make up a list of over 1,000's of cash investors who want to purchase now. I know that this is going to take some time, but I am willing to invest anything to get to the next level and I believe that's what I need. Any help is much appreciated. Sorry it's been awhile since I signed on, I'm back and ready to be a part of this community for real.

Peace.Love.&Happiness.,

Fadie Hany Areny, CEO
Growing Fortune Investments, LLC.
Detroit Metropolitan "D Mecca", Michigan :cool:

Originally posted by Nicholas Richardson

I have been placing ads on craigslist, kijiji, biggerpockets, and facebook but have had a very small response so far. I have someone that seems pretty interested and is goign to check out the inside of the property today but I want to keep advertising so I have a back up in case this buyer decides against it.

Any advice would be much appreciated.

That tells me it's not really a deal. Craigslist should yield up something from your local market if you have a deal that makes sense to an investor. Also, having someone possibly interested in seeing the property at some time in the future is not having the property sold. Have you tried pushing it at your local REIA club? Try printing up a flier & getting some feedback.