Hello all. I'm moving back down to Colorado Springs from CSU Fort Collins at the end of the year and I'm looking for a hoarder house to fix up and move into. I've already flipped two hoarder houses so the mess isn't the problem its just finding an deal(isn't it always lol).
I have creative financing options available to me so that's not an issue. If anyone has a property in the Springs that is too much work for them maybe it would be perfect for me.
I know hoarding is a mental illness so it can be difficult to approach but at the same time I do see the opportunity it represents in real estate. Does anyone have any advise on how to market towards people or families of people dealing with hoarding?
These sorts of deals are the same deals many people are looking for in Colorado Springs making them a competitive to get and win. If its online in any capacity (MLS, Zillow, Craigslist, etc) then it's too late in this market. My recommendation is to learn everything you can about wholesaling. Only instead of wholesaling the deal, keep it. This is the whole give a man a fish versus teach a man to fish mentality. Learn to fish to for deals!
@Spencer Abeyta As Colin mentioned above, you'll need to start getting leads directly from motivated sellers. This means you need to start doing direct marketing to those home owners. You can do direct mail campaigns, cold calling, SMS campaigns, or just go driving for dollars and try to find that diamond in the rough. It definitely takes some grind and hussle, but it is doable for sure.
The other option is to try and get your name on every wholesaler's buyer list in the area so you are getting their off market deals sent to you. Good luck!