Real Estate Investor · Vancouver, WA · Member since 2008 · 4 posts · 0 votes
Hello,
I am in the process of deciding which method of marketing to use next in my investing business and am doing some research.
I would really appreciate if those of you currently investing in single family homes would take just a moment to answer a quick question...
Within the past year and/or out of the last ten to fifteen owner financing, creative financing, no money down and/or lease option deals you've done, how many of them were FSBOs and how many of them were listed with a realtor? (If they were assignment deals that you assigned, wholesaled, or flipped to another investor, please include that information as well.)
This will really help me decide where to focus my time and energy.
Thanks for your time and help and any other observations or advice you might have regarding this topic.
In the last 15 years in the business I would say that less than 10% of teh motivated sellers I dealt with had ever listed their property. I have never found a deal from a FSBO ad. Understand that truly motivated sellers - the ones with the really profitable deals - are overwhelmed. They do not have the energy to try and sell their house. Therefore they do not list and they do not advertise to sell. Many will jujst let their house go to auction rather than take action. That is why you must market directly to your marketplace.