Baltimore, MD · Member since 2017 · 5 posts · 3 votes
Direct mail worked like magic and I got my first house under contract in just a few days! It's a fully leased duplex here in Baltimore that needs some plumbing work. I haven't had time to build a buyers list though. What what be the best way to market/flip it quickly!?
Congrats Aaron you are 50% through the process. Shawn has given you some of the next basic steps to market the property. If it's a good deal it will probably get sold doing what he listed. However these steps shouldn't be done just once, especially if it's an average deal, don't get discouraged if that is the case. Most experienced Investor's aren't going to jump at average deals because they are like opinions, everybody has one. If it's a average or even subpar deal you'll have to market everyday possibly reaching out to contractors you see working on houses in the area of the property. To local investor don't go to meet ups. This way may get you fined if you aren't experienced or don't have a non traceable number, but marketing with bandit signs of the deal is also an option for selling your contract/intrest.
Hi Aaron, congrats on your first property!
I am an investor from NC, I am interested in doing some investing in Baltimore MD. I would like to be added to your buyers list. Let's connect and do some deals.
@Aaron White First, I congratulate you on actually doing the legwork and getting a deal! Now, marketing isn't much of a struggle for you as you clearly got a deal from doing just that.
One tactical way to get some interested investors is by email blasting the Baltimore meetup groups' email. There are email chains you can get on such as emailing BWI Meetup members for example. Let me know and I can send some email addresses.
@Aaron White welcome to BP and congratulations on your deal. Depending on the specific situation on option may be to auction the property. There are a few auction companies in Baltimore that will auction a house you have under contract; Auction Brokers, Ashland auction, and Century auctions. Also contact landlords (non owner occupied properties) that own property in the neighborhood. Find them in SDAT
Thanks everybody! J.T. Littlejohn Tiana O. Quentin Taborn Ola Dantis I've taken most of the advice from this thread and I've been able to connect with a bunch of buyers. The issue? The tenants 😓. Most of the potential buyers I've spoken with thought it was a great deal. The tenants however have a lease that's good through March of next year. Is there a way to target buyers who'd be interested in holding a property rather than an immediate fix and flip. Also is there a space on this site to post deals?
This doesn't make sense. It's a tenant occupied rented out duplex. If the tenants are on a lease and paying this should be a positive, not a negative. I'd be a little suspect of your "buyers". You'll figure this out on your own eventually, but most of the people you speak to who claim to be cash buyers are usually just wholesalers, doing the same thing you're doing, looking for a deal to sell to their "buyers". The daisy chains have to begin somewhere. There's no reason a real buyer would think having a unit occupied would be a bad thing, unless the tenants aren't paying or are being a pain in the butt somehow...
@Aaron White can you pm details. I'm a cash buyer coming to the area this week to look at a couple of deals. @Nick C. is correct any cash buyer would have a hard time walking away from a cash positive deal unless there are other factors that are discovered.