The Real Estate Preacher Podcast

TRP026: So, Where Are the Bargains At? 8 Ways To Find Deals

by Randy Lawrence | Comments

motivated-sellers

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In this episode I am talking about the mindset for finding real deals today and how to find them.  Discover 8 sources and ways to find the motivated sellers so you can make money when you buy.

Show Notes

Your Network Sources

1 Your Personal Network – don’t forget to constantly network with whomever and whenever. Always have the “I’m in the hunt” mindset and take massive action.

2 Realtors – investor-friendly seller or buyer agents that know who you are, what you are looking for, and why

3 Wholesalers – investors that already market and secure distressed/discounted properties that are looking for rehabbers (to add to their buyers list). They’ll need to know how you are, what you are looking for and why.

 

Your Marketing Machine

4 FSBOs – Market to or contact For Sale By Owners (FSBO’s) – homeowners selling their house without a realtor – usually they are motivated

5 Classified ads – continually review classified ads in newspaper, Craig’s List, etc.

6 Bandit Signs – market in areas of interest with bandit signs – you know those “We Buy Houses” signs on street corners. Say what you want but they are proven to work.

7 Direct mail campaigns – to targeted lists such as:

  • Absentee owners
  • Probate properties
  • Code violation properties
  • Pre-foreclosure properties

8 Driving for Dollars – Drive neighborhoods at look for distressed properties, finding the owner and contacting them to sell

 

Your action steps

  • Know where to find motivated sellers
  • Select a marketing strategy and stick with it
  • Get your buy criteria nailed down
  • Start prospecting

 

 

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