Taking Off with RVM / VB
I have been using RVM / VB consistently for a while now and the work and efforts are starting to show! Did $65k in deals in the New Hampshire market within 4-5 months using the systems. 1 month ago we picked up and moved into the Fl market. Wow...it's competitive here. My rvm's and being dropped on other wholesalers using rvm / vb lol. Despite the competition, the pipeline is filling and things are looking pretty good sofar. After a few more deals I'll be looking to scale a vacation rental business. Any experts here on that side of investing?
@Joshua Levasseur When you are in a more competitive market, you need to be more creative with your lists.
You should consider mailing to people who aren’t in every other investor’s sites. Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home. It's hard to stand out.
There are some owner-occupied segments with people who share motivating factors for selling their home.
Seniors with Long-time Ownership: often ready to downsize or transition to assistance.
Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.
Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance. They won’t be expecting the same money as their neighbors with the shiny new kitchen and fresh paint.