PRE- FORECLOSURE & NOD STRATEGY

[Armegi Gil]

Hi All,

Can anyone shed some light as to how to find pre-foreclosure and NOD properties? What is the best way to go about approaching these homeowners in terms of marketing? Door knock? And what is the best strategy to purchase these?

Thanks for any insight and wonderful week to everyone!

[Brian L.]

Pre-foreclosure is probably the most commonly marketed to group; I've talked to people in pre-foreclosure that are getting anywhere from 2-10 letters/postcards a week. I have visited home owners that have schedule 4 investors to view their home at once, it's a saturated niche. Sorry, I'm not trying to discourage you, just telling you what I'm seeing. That being said, I still market to these people. There are a number of sources for buying pre-foreclosure lists for just pennies a name, I don't want to plug any particular site because there are a number of good ones. There are probably other ways to get a list but you'll probably spend a ton of time compiling it, if you buy a list it is put together in minutes and downloaded instantly. I have talked to a few people lately that are having success with door knocking, I haven't tried this method myself but apparently it works for some.