All Forum Posts by: Account Closed

Ok

Do you want me to send you the current list of available properties?

It's Florida baby!!!

Welcome Jessika I am also in Orlando. I'm trying to set up a face-to-face meeting with the area BP investors. Would you be interested?

That is BS. I've flipped many houses in Missouri before I came to Florida and I did not have a license. But you need to know how to do it properly so you don't get into trouble. 

My advice to new investors is to start wholesaling properties. First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. (Not by using Google maps because they can easily be outdated pictures) There should be some.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 (not yellow letter because they are getting dozens of them) 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. Write it up as a personal letter.

When you do all that, 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. That typically is investors. Then again go to the assessors website and find their name and mailing address. Also do a name search on the assessors website to see how many other properties they own. If they own several they are obviously investors.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract. 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. If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

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

I hope this helps.

Steve Anderson

Not all absentee owners are motivated. Remember here in Florida we have alot of 'snow birds' that own properties and they live in them part of the year. So usually they are not motivated unless they are getting tired of managing the property from a distance. I market to the out of state/country owners of houses but I don't send a letter to them unless they have owned it for more than 7 years. 

Are you trying to buy these properties to fix up and rent out, or sell to another investor?

The best way is to 'drive for dollars' meaning drive around neighborhoods and look for properties that look vacant. 

Totally agree with what Tom Lafferty is saying.