All Forum Posts by: Account Closed

Yes it is. In order for this to work you need to start building up a buyers list. The quickest way is to join a local REIA.

Keep me posted on your progress.

Great then once you identify the address you need to go to the house to see if it is vacant and to take pictures if it is. Then contact the owner by direct mail, showing them the code violation citation and pictures. That will get their attention.

Orlando and central Florida has lots of opportunities. As an example I am wholesaling over 50 off-market properties ranging from single family houses, duplexes, triplexes, quads and small multifamily. They range in price for less than $100k to 2 mill.

No I do all my own because I have total control over what is created and when they are mailed. 

You have the perfect opportunity to find vacant houses because you are driving for 2 hours each day. Take a little extra time and drive different routes to and from work. Drive through a targeted neighborhood and look for vacant houses. You will have to spend time to make this work unless you have the money to hire people to find the houses, to do the research to find the owner and determine if it is a good deal or not, contact the owners, look at the house to determine it's condition, get it under contract, and then market it to buyers. If you don't have a list of ready buyers already then you will have to create one. 

How are you getting the list of code violations?

How does code violations relate to tax delinquents?

Who would you be marketing to? Where do you get your lists to market to?

Hi Jose, Welcome to BP.

My advice to new investors is to start wholesaling properties. This is the quickest and best way to get started with the least cost.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. There should be some. Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close.

Many times the owners don’t update their mailing address with the county so you may get the letters returned. I use beenverified.com to get the most updated info. It costs me $24.95 a month but it is well worth it because it also gives me email addresses and phone numbers.

If you are going to buy the property, fix it up and then either sell it or rent it then you are through.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. This typically is investors. Then again go to the assessors website and find their name and mailing address. And again use beenverified.com to get the best and latest contact info.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.