Comments on: An Effective Craigslist Marketing Strategy http://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jay von Mohrhttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-96051 Jay von Mohr Sun, 24 Jul 2011 23:50:23 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-96051 Yeah, Jason always puts in his deals that he won't begin making payments for (at least) 60 days to give himself time to get a tenant buyer in there.We are doing cooperative lease options (wholesaling the contract to the tenant buyer). So it's more of a "get in, get out" deal.Personally I don't like the idea of guarantying to pay the rent for 5 years. Seems like it could be a bit risky (especially for new investors).Although that obviously makes it way easier to close any landlord prospect.We also target fsbo's on CL with a similar email approach. I was doing 100/day a while back (it helps to be obsessive/compulsive...lol).JvM Yeah, Jason always puts in his deals that he won’t begin making payments for (at least) 60 days to give himself time to get a tenant buyer in there.

We are doing cooperative lease options (wholesaling the contract to the tenant buyer). So it’s more of a “get in, get out” deal.

Personally I don’t like the idea of guarantying to pay the rent for 5 years. Seems like it could be a bit risky (especially for new investors).

Although that obviously makes it way easier to close any landlord prospect.

We also target fsbo’s on CL with a similar email approach. I was doing 100/day a while back (it helps to be obsessive/compulsive…lol).

JvM

]]> By: Curthttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-94821 Curt Mon, 30 May 2011 15:29:40 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-94821 yes i would guess Jason will try to find an actual lease to purchase tenant or flat out purchase buyer that agrees to buy the house at a sales priced higher than the price he and the current owner have agreed on and there is his profit on the whole deal. Problem is he'll have to make the lease payments in the meantime while finding that ideal buyer or lease to purchase mentioned here. If he finds one to lease purchase, it would be icing if that monthly payment is higher than the one he has committed to for a positive cashflow. yes i would guess Jason will try to find an actual lease to purchase tenant or flat out purchase buyer that agrees to buy the house at a sales priced higher than the price he and the current owner have agreed on and there is his profit on the whole deal. Problem is he’ll have to make the lease payments in the meantime while finding that ideal buyer or lease to purchase mentioned here. If he finds one to lease purchase, it would be icing if that monthly payment is higher than the one he has committed to for a positive cashflow.

]]> By: Larryhttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-94820 Larry Mon, 30 May 2011 13:35:29 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-94820 I know this is old post, but good info (and good question about exit), especially since owner still holds deed- would like to see copy of lease to protect yourself and availability to sub-let I know this is old post, but good info (and good question about exit), especially since owner still holds deed- would like to see copy of lease to protect yourself and availability to sub-let

]]> By: Luishttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-85038 Luis Mon, 02 Aug 2010 11:42:45 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-85038 Jason, thanks for the idea. My question is, what is your exit strategy with this tactic? Are you then going to lease purchase to another buyer within the time frame that you are lease purchasing from owner? Jason, thanks for the idea. My question is, what is your exit strategy with this tactic? Are you then going to lease purchase to another buyer within the time frame that you are lease purchasing from owner?

]]> By: Ryan Moellerhttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-84794 Ryan Moeller Fri, 23 Jul 2010 14:35:02 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-84794 Great article Jason,I have had success emailing rental listings on Craigslist as well. As I'm sure you know, there is tremendous demand from buyers for lease option or rent to own listings. I put up some ads with just the cross streets and received 70 emails in about 5 weeks. Lease options are a great strategy and many creative ways to profit if done correctly. Great article Jason,

I have had success emailing rental listings on Craigslist as well. As I’m sure you know, there is tremendous demand from buyers for lease option or rent to own listings. I put up some ads with just the cross streets and received 70 emails in about 5 weeks. Lease options are a great strategy and many creative ways to profit if done correctly.

]]> By: gordonhttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-84678 gordon Mon, 19 Jul 2010 01:43:26 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-84678 I am going to try this. I never would have thought of contacting potential sellers this way. I have been able to get buyers from craigslist but not sellers. thanks for the info I am going to try this. I never would have thought of contacting potential sellers this way.
I have been able to get buyers from craigslist but not sellers.
thanks for the info

]]> By: Stevenhttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-84664 Steven Sun, 18 Jul 2010 20:44:17 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-84664 I have done the same thing and my success rate has been fantastic! Finding sellers has been easy - finding buyers on the other hand has been a little bit harder on CL. I have done the same thing and my success rate has been fantastic! Finding sellers has been easy – finding buyers on the other hand has been a little bit harder on CL.

]]> By: Shae Byneshttp://www.biggerpockets.com/renewsblog/2010/07/18/craigslist-marketing-strategy-that-works/#comment-84660 Shae Bynes Sun, 18 Jul 2010 15:42:28 +0000 http://www.biggerpockets.com/renewsblog/?p=14427#comment-84660 Great post, Jason! Thanks for sharing your strategy. You're 110% right about the need for discipline and consistency when it comes to being successful using CL. Great post, Jason! Thanks for sharing your strategy. You’re 110% right about the need for discipline and consistency when it comes to being successful using CL.

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