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Chicago-Mike asked:
I can find an abundance of properties and I negotiate the discount down to 50% value but it seems increasingly hard to find people that actually have the money or credit to purchase these properties…any suggestions
I can find an abundance of properties and I negotiate the discount down to 50% value but it seems increasingly hard to find people that actually have the money or credit to purchase these properties…any suggestions
Tags: Half Price, How Do I Find People, Money, Real Estate Foreclosures
March 3rd, 2008 |
Tags: Half Price, How Do I Find People, Money, Real Estate Foreclosures
March 5th, 2008 at 8:45 am
Yes find another website and pay to advertise
March 6th, 2008 at 8:49 am
I know plenty of investors who are buying properties if you can get them at 50% of value. I’m based in the Washington, D.C., area, but I know there’s a lot of activity elsewhere, too (Baltimore, North Carolina, South Carolina, etc.). Most of us have hard money commitments; we can close on such properties in a week.
The buyers are out there.
Hope that helps.
March 8th, 2008 at 6:09 pm
You just have to build your buyers list, but it won’t be as easy as it was a couple of years ago.
One way is to run ads in the classified section under residential real estate (investment):
Handyman Special - Cheap
Cash/Hard Money Only
(800) 555-1212
When people call, ask if they want to be on a list for when you get future deals.
Some investors will be irked that you don’t have a live deal when they call, others won’t care.