finding deals in competitve markets

4 Replies

My market is booming! as a homeowner i receive several yellow letters from an "investor wanting to buy my house" . At least once a month from different investors/wholesalers. I also see several bandit and we buy houses signs everywhere. How can i beat the competition? should i join the race and do common practice?

@Mike Mitchell  I feel your pain. I'm in Los Angeles and I'm currently running a yellow letter campaign as well as mailing to a weekly list of probates. I'm getting MAYBE 3 or 4 calls a week and they've all either been people telling me they don't want to sell or they have some ridiculous number in their head when it comes to how much their house is worth. My particular corner of LA is literally SATURATED with bandit signs so I haven't even bothered with them. Maybe I'm shooting myself in the foot a bit on that but until I figure out a way to stand out from the crowd I'd rather focus my money and efforts elsewhere.

I guess none of that really answers your question haha. Just wanted to let you know that you're not alone by any means. 

Hey Mike. I am new to the game and by no means any expert, but I don't think you'll find an easy way to beat the competition.From what I have learned on this site and others, it's a matter of implementing whatever marketing campaigns you choose to execute and staying consistent with them.

@Mike Mitchell  Techniques such as direct mail, craigslist ads, networking with realtors, pay-per-click, search engine optimization, and bandit signs (check your local area to see if they are legal). I'm sure there are many more as well. 

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