New to Real Estate · Ogden · Member since 2014 · 107 posts · 19 votes
In the beginning, I was having a hard time finding motivated sellers with deep discounted homes. Now, I'm struggling with finding buyers for current properties I have under contract. I've been able to get a few homes under contract but not able to find buyers.
Currently, I have a 6 bd in Carbon County Helper area under contract. It's older but in fair shape, over 2600 sq ft. It is in a family friendly neighborhood, next to an elementary and park.
I do have a buyer's list but I've not been able to find homes in their areas.
I also have a hard time with focusing. I seem to become very easily distracted with many different real estate niches. Can someone give me advice on becoming more focused and organized? Also, can someone tell me how to target market? And how to build a targeted buyers list?
Limit the amount of information you may be receiving about different niches. Maybe you have lots of emails coming in daily from different websites or people talking about the latest and greatest strategy. Unsubscribe from them.
Focus on your strategy and scaling your business until you're where you want to be before exploring new strategies.
Finding buyers: lots of different ways to do this. You could google "we buy houses" and then the city you want to target or "sell your home fast" and the city.
Do a search of the MLS or county records for recent cash transactions.
To find properties with little money, start with a farm area.
Usually where you live is a great place to start. Talk to your neighbors. Know everything about every house on your block. Do your neighbors own or rent? Who's their landlord? Look for neglect. Broken windows. Unmowed lawns. Garbage on the property. Walk your dog. Talk to your mailman. Go to neighborhood events. Go to yard sales. Go to stake dinners whether you're Mormon or not. Become the expert in your farm area and talk to people.
Start small and build. The only cost is time and business cards. Opportunities will develop.
Start going to your local REIA's. If you're in Orem, UVREIA is right there. Pay for the yearly membership and attend every meeting and event. There are at least a dozen cash buyers there that are looking for deals in Orem. Be patient as it takes time to develop relationships. But over time as people start recognizing you, you may be surprised at how helpful and generous they are. Most investors will tell you what they're looking for and what their criteria are.
With $150, diligence and persistence, you will start finding opportunities that people want to buy. If you stay in Utah county, and you're finding true deals, finding buyers won't be hard.
Great advice from @William Hochstedler and @Nick Fullmer. Pick one investment tool. Focus on that and learn it well. Then move on to another tool. There's a a lot in real estate investing and it can get overwhelming.