For those of you who are buying " lots of properties" whats the trick ? My inventory of profitable buys seems to have dried up. The pickens are slim. Any advice on how to find motivated sellers?
Bandit signs work the best !!!! We get most of our best deals from wholesalers who use them to find off market homes.
There are a lot of ways to find motivated sellers and it depends on what strategy works for your target. Try to attend your local REIA meeting in order to network with and see what other active investors are admitting or even bragging about doing (get into confidential conversations). Advertise what you are looking for on the web or in the newspaper. Team up with a motivated real estate agent who is not just agreeable but actually does make and is fairly happy making lower offers for you.
Mailers work pretty well.
The best marketing line I heard was
"Everything works somewhere, nothing works everywhere"
There are a hundred ways to find deals, you need to find what works for you in your market. There are a couple of blog posts with titles something like 101 Ways to find Deals. most good investors have several methods of finding deals going at any one time.
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