Distressed Property Expert

[Nick Perret Efferson]

Hi BP!

Two things that have piqued my interest in my first year of being an agent. 1) Attaining my CDPE certification 2) Attaining my SFR certification (Links below).

Has anyone acquired these? As an agent with an investor-focused mindset they seem like a good match. My thought is, by finding distressed properties, I open the door to possible off-market deals and investor-friendly prices creating a deal flow for investors. 

https://www.cdpe.com/become-a-cdpe/

https://sfr.realtor/

What do you think?

[Kieron Osullivan]

Quote from @Nick Perret Efferson:

Quote from @Bruce Lynn:

Pull or buy the foreclosure and preforeclosure/NOD list. Figure out what lenders you can actually reach. I'd start with your smaller local lenders vs the giant banks.

Start going to the foreclosure auctions.  Meet the trustees.  Network with them.  Find out who the property preservation people are.  Network with them for asset manager leads.

At the foreclosure auctions network with the buyers.  Hand out flyers and cards, get names and numbers.

Give it a month or two after the auction and pull the records of who bought.  Start calling them.

 Brilliant, thank you so much!

 MAke sure whatever list you buy that you know

1) when the cases/documents were filed (how new they are)

2)Where you/seller got the list from (if its propstream, propwire, propshark etc you will be competing with thousands of others for a small proportion of old leads compared to county/court records)

3) target preforeclosure and in the foreclosure process to get the deepest discounts compared to auctions