[VIDEO] Real estate investor and attorney, Bill Bronchick, explains his three favorite ways to find good real estate deals:
* For Sale By Owners
* Motivated Landlords (aka “Burned Out” Landlords)
I don’t like to negotiate with sellers, it just doesn’t fit my personality.
But I have found one very strong method for getting people to realize the problems with a house without me having to verbalize the problem. This is important because you never know if the owner did the work themselves.
Here it is.
Learning to analyze your foreclosure list can help you determine your marketing tactics. This is why it is crucial to have the most current or “freshest” list you can get.
The fresher the list, the better the results…
What do you say to the seller who calls you on the phone? Don’t waste your time with people who aren’t motivated to sell.
Here are 5 specific steps to make sure you maximize your experience and find out the seller’s true level of motivation.
The seller will soon realize that you’re a pro–you know what you’re doing….
Marketing is the most important part of every business. But don’t be discouraged if you don’t have money for marketing to seller leads.
You can start cheap, and you’re only one deal away from a nice marketing budget. Here’s a “Top 10″ List of Ways to Market Your Real Estate Investing Business.
Real estate investors should always focus on effective marketing–to find motivated sellers, to find great tenants, to build a wholesale buyers list, for finding private lenders, and to sell houses. Your effort needs to focus like a laser, deliver a strong message for the audience, and reach a lot of people.
If a picture is worth a thousand words, then a video should be worth a million words. Here’s how you can deliver “millions of words” through video…
Let me tell you about an old-fashioned tactic that is still widely in use today: The “Bandit” Sign. You see them all over the place, on every major road in every city in the U.S. Bandit signs allow you to reach your local marketplace for a very small cost, and they will generate lots of leads for your real estate investing business.
Whether you want to buy or sell, people will call you….
When I am meeting directly with a motivated seller, I always make four offers to buy their house. The first offer is a low cash price and I hope they do not take that offer.
My other three offers all include seller financing at prices higher than my cash offer. When you negotiate seller financing, your goal is to have a very minimal down payment and very little or zero interest….
Marketing for code violators is another guerrilla marketing technique for investors. It is essentially a free source of motivated seller leads.
This method works well for investors looking for rental properties to buy with seller financing, flippers looking for houses discounted that need work, and it works great for wholesalers looking for houses to control.
Many investors started out by driving through neighborhoods, writing down the addresses of ugly or vacant houses and then sending “we buy houses” letters and postcards to the owners. It’s called “driving for dollars,” and it has made many investors a fortune. I should know because I’m one of them!
Here are six easy steps for tapping into the vacant house goldmine…