New investor here in Oregon and I have much research to do. I will be conducting my first rehab and am in search of leads. I will eventually invest in bandit signs and mailing campaigns, but not now. My options are the MLS (REO agents), craigslist, preforclosure/forclosure/probate lists via the county. Is it legal to call those listed
homeowners directly? Also, there seems to be good competition in the area; any other advice on getting the upper hand on my first deal? Much appreciation for the help.
With a lot of competition MLS and craigslist will be tough, as other investors will be keyed in and getting the best leads before you even see them. I would door knock on the probate and pre-foreclosure lists if that is your desired path to get started. You will get the door slammed in your face a lot of times, but you never know when someone might want to work with you
You can get a lot of bandit signs for $100 - that is a good way to get the phone ringing and start practicing talking to sellers - as long as it is legal in your area.
Thank you for your help!
There's little point in calling the owner on listed property. They're obligated to pay their listing agent a commission during the listing period.
Jon Holdman, Flying Phoenix LLC
It took me months to figure out how to generate leads. Postlets is usually the best way because it moves the listing to several classifieds. Just curious what other areas is your broker licensed in?
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