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Updated over 8 years ago on . Most recent reply

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Cesar Ramirez
  • Riverside, CA
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Most Popular Reply

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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

If you are marketing constantly and networking with others in the industry, there is never a shortage of properties. I have bought 4 properties so far this year at great prices. I spend over $1k every month on marketing. It is rare when I dont answer my phone. I am ready to talk with sellers and if I can prequalify them over the phone, I will be at the property within a couple of hours to look at it. 

It is just a matter of shaking the bushes and finding the people who are motivated to sell. The ones who want close to retail get referred to a Realtor. 

If you are looking EXCLUSIVELY on the MLS, you will never find a property. I market to pre-foreclosures, tax foreclosures, I market to Realtors who have bad listings, I teach others to find deals so that they bring deals to me. I have 3 facebook pages, I have a website, I am a member of a large REIA, I have my own little REIA, I help people learn about real estate investing(free), I tell everybody that I know that I am looking for properties, my email signature says that I buy pretty and ugly houses. And every once in a while, I look up properties on the MLS. I buy 1, 2 sometimes up to 4 properties per month, but a minimum of 1 property per month.

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