All Forum Posts by: Brandon Hamlin
Brandon Hamlin has started 11 posts and replied 22 times.
Hello,
I made my very first offer today. I was stuttering and stammering through the process but it was not bad. The seller told me that he wanted to discuss and go over it with his family and is going to let me know the decision. Is that good or a bad thing? I hope and pray he accepts.
Thoughts?
Post: Searching Motivated Sellers
- Hillside, IL
- Posts 23
- Votes 0
Originally posted by @Darrell Shepherd:
I am starting to see that now Darrell. So I going to have to tweak my marketing then. Thank you
Post: Searching Motivated Sellers
- Hillside, IL
- Posts 23
- Votes 0
Yea thats true, the hostile reaction I have been getting is a indicator that are not motivated to sell.
Post: Searching Motivated Sellers
- Hillside, IL
- Posts 23
- Votes 0
Good Afternoon,
I have been talking to motivated sellers. I invest out of Illinois and the sellers I have talked too is not even interested, hung up me or do not want to deal with investors only realtors. Is there something I am doing wrong? Any help is greatly appreciated.
Originally posted by @Britt M.:
My partner and I meet our buyers, get their needs and go from there. We're building a good reputation within our area/specialty.
There's more than one way to skin a cat, however, I think you need to have something of value before approaching buyers.
My .02.
Britt, thank you for you post and output. I really appreciate it. There are always going to be properties out there, as a wholesaler you need to build a buyers list first. Then go out and market for properties that fit the buyers exact criteria. You are driving the buyers needs. Basically they are your paycheck. You could amass 5 to 100 properties and have a few under contract. If the buyers you do cultivate end up not liking the property you put under contract then you screwed. Its financially beneficial if you 1) Market for buyers 2) Process The Buyer-Find out specifically what they want 3) Get them committed to sending you either a proof of funds if they paying cash or a pre-qualification letter if they need financing 4) Market for properties that fit the buyer needs 5) Get them past the property--show them the property in person (if they like it, get it under contract right away, if not find out why and take notes of it so when the next opportunity comes you know how to utilize what they want) 6) Get it under contract 7) Send to title company and get paid. Hopes that help. A lot of wholesaler search for the property first, i do the opposite i find the buyer first. Hope that helps Britt. God Bless
Originally posted by @Manny Cirino:
it is true if you had a deal it would be some much easy to build a cash buyers list and the truth is that you can only grow this over time. every call you recieve, email responding to a houses for sale etc.. those should be added in to a list.
If you want to build a list here is how i started and it is what I do till this day. I created an spreadsheet that I half a printed paper copy of. It has 4 simple lines, name, phone number, email & notes(to write criteria, company name alternitive etc...) I drive around and every time I see a for rent, for lease, we buy houses sign. I write down the info and call later in the day i talk to them if they are buyers then the go on my buyers list. I also got to craigslist and I do the same thing. Most landlords are buyers. The others are seller leads!
But if you want to go the ad route. Go to Jotform.com(no affiliation)create a buyer list form. ask for name, number and emails.
right a simple ads with simple titles that speak to investor/buyers as if you were selling a house or offering a service.
Investor Special- High Equity Rental Properties Available for Sale etc......
Then in the Body Keep it simple, We are (ABC Company) and we specialize in selling investment properties in the (XYZ Location). You can have your choice of long term rentals or short terms flips.
If interest please provide your information and we will send you a list of investment properties in your area. (link to Jotform link here)
Use this with different titles and different ads with keywords so that any seach that is done, this will show up
Manny, craigslist is not my only option. I am also going to REI club meetings and networking. I got plenty of options. Thanks for the advice. I really appreciate it, I just wanted more broader options.
Originally posted by @Adrian Tilley:
I definitely understand where you coming from @Adrian Tilley. There are always going to be deals out there. That is not my main concern, my focal point is building a serious buyers list first, gathering information on the buyer needs, processing them adequately making sure they have skin in the game and delivering on what they want. My goal is to align the buyer and the seller based on the needs of the buyer. I do not want tire kickers or people who do a lot of talking and not backing up what they say. That is in my personal opinion, adequate lead management. .
Originally posted by @Matt Swartzendruber:
I totally agree you @Matt Swartzendruber.
Sounds like good advice,
I figured that building my buyers list first would give me an opportunity to easily meet the buyers criteria where i began looking for properties. Getting an idea of what they need first would help me find the homes that meet their criteria. Something to think about
Yes, I am trying to build a serious buyers list. That is the reason why I am targeting buyers first