How are you finding your deals? I expect most people to say networking, but let's see what's working in this market.
- Social Media
Personally I cut back on my mailers and I'm mainly going direct to seller with door knocking and calling. What's working for you?
primarily networking, creativity with deals that are actually on the market.
@Nabil Suleiman - I like it. Do you have any examples of creative deals you structured? I'm always curious as to how other's structure deals.
I was just involved in a deal where we negotiated a $2.65M house down to $2.15 and it was listed on market. We will re-list it at a VERY conservative $3.3M.
Networking and friends
@Nick Hedberg , is 3.3m relisting the after rehab price or ask-is price?
@Ezichi Oha - The 3.3m is the after repaired value (ARV) or the price we will list it once it's rehabbed. It will probably cost about $350k to rehab.
Good profit margin
Nice negotiation! Hope all goes well!
I target fire damaged properties.
@Johnny Kang - I like the niche. Are you calling, knocking, sending mailers?
I started off with door knocking, till I realized, "nobody's home, cuz they just had fire!"
Took me a whole day of doing that to figure that out.
So I smartened up and call them now.
@Nick Hedberg are you personally going door knocking or sending someone else? do you take flyers or business cards? how do you do it. i'm thinking of heading out in the early evenings.
calling, social media, and neworking.
@Renee Harris - I farm so that's a big part of my door knocking. I always knock myself and I bring flyers and have a plan. It really depends on what kind of business you are going after. I also knock NODs and expireds. I don't have anything for NODs but do for expireds. If the expired is in my farm then I'll drop off my pre-listing packet. Early evenings is a good time. Lots of people are home between 4-7.
Calling and networking existing clients mostly.
I am an investor and get deals from trustee sales and my network of awesome agents in Los Angeles. I am always hungry for more deals so happy to add any of you guys to my network. I have been at it for 12+ years and have flipped over 500 homes. Email me to connect.
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