All Forum Posts by: Jim Keller

there a great company we subscribed for years to them.

 I'm specifically talking about distressed properties that I find on an website called property radar.com we go after pre-foreclosures those are properties that have notice of default filed against them and trustee sale auction properties and we find them all on property radar good luck

I found the home on craigslist, after some hard negotiations I paid $155,000 and it took 2 months to close because of a title issue. The 3 bd 2 bath 1345 Sq ft pool home in Riverside,  Ca needed $39,000 in repairs.  We fixed and upgraded the entire home and site.

We premarket all our homes by holding open houses in Listings close to our flips.  In doing so we just line up buyers for our home.  By doing this we had 3 pre approved buyers on day one, and we sold it to one of them on day one for $298,000 after cost, commissions, construction, everything we made $80K plus and my wife was the listing agent.

All and all a great deal and one you could have bought to if you would have seen it on craigslist like we did.  It's why I love this business 80K just waiting for someone to pick it up off the street.

Good luck

I would focus on preforclosures and auction properties.  Once you get a few of them going add one more then another, but focused on your results don't skip around to some "new" sure thing.  Vurtually 1/2 of all default properties will be sold it's just a question of when.  

Today we got a call from a couple we short sold there home 6 yrs ago then sold them a home 3 yrs ago and now they want a bigger home thats almost $60,000 on one knock.  Keep up the hard work 

Medvin,

My team and I relly almost completely on door to door contact with our future sellers. We have a very spicific plan of "attack" and yes I feel like it's war.  We use every advantage we can think of and often update and change our attack depending on what exactly we want.  

In the last 20 day we put 2 homes in Orange County under contract and are currently tracking over 300 distressed sellers in Riverside, Orange, and LA County's  just waiting for them to make the choice to sell/move on.  There are no secrets to buying homes like this.   My wife started this 7 yrs ago with no experiance and has had to change her approach many times.  She uses empathy, good will, respect, and professionalism to help people understand we are their last best option.  

She has developed students over time, me included.  We love this business and have brought our daughter in with us and have 5 other aquisition specialist that "practise" this with us.  Call anytime we believe if we help enough people get what they want, we eventually get what we want.

Good luck 

Jim

Can you visit the local ones, use your mailer as your calling card. Knock on the door and tell them you need there home on "say the street name" tell them you have 3 offers.  One for cash one for terms and one customized to exactly what they say they need, like 60 days free rent back or what ever they need in exchange for a discount.

Good luck

 Gregory 

How did this work out, what option did you chose?

Jim

 Good job taking action,

I will assume you have a script or a plan for when the calls come in.  I would just be prepared for many or none.  Either way you need to spend more time understanding and hoping to know "why" it happens what ever does.  You spent upwards of $700 on this make it pay off I would track everything all expences.  My marketing cost me $25 to get in to a person's home and make a presitation, to get that I may send 100's of invitations make 20 to 40 calls for just a few appointments. 

You know what to say, just understand what you had to do and pay to get the right to say it.  Remember 1 deal pays for the next 6 months...... no preasure 😎

Good luck 

Jim

Great post, proof that when you put your mind to it and work with good people you can be successful.  I'm in the Riverside area and know that craigslist works well for good renters.

Jim