How to Find Motivated Sellers when Looking to Buy Real Estate

One of the most frequently asked questions by New Real Estate Investors is, "How Do I Find Motivated Sellers?" Here Are the Top 10 Ways That Work The Best! Do not pick and choose which one or two to do. Do them all consistently and you will have more business than you'll know what to do with!

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Steps

  1. Attend Your Local REIA meeting in order to network with and see what other active investors are doing.
  2. Put Up Bandit Signs with your name and phone number on them.
  3. Send Direct Mail to out of state home owners (a.k.a. landlords).
  4. Contact For Rent by Owner ads and signs.
  5. Call For Sale by Owner ads and signs.
  6. Contact active Property Scouts or Bird-dogs.
  7. Advertise what you are looking for on the web or in the newspaper.
  8. Plaster Your "I Buy Houses" Business Cards EVERYWHERE
  9. Tell at least 10 new people every single day that you're looking to buy houses. Don't forget postal workers, exterminators, gas/electric residential meter readers, grocery store clerks, gas station attendants, newspaper delivery people, everyone...
  10. Team up with a Realtor and have him/her check the Multiple Listing Service for expired listings as well as certain keywords - days on market (long), vacant, estate, preforeclosure, must sell, fixer-upper, closing help, moving, relocated, divorce, etc...

Tips

  • It's a Great Time To Buy Real Estate
  • Investors who Make Offers Get Deals

Warnings

  • Never Be A Motivated Buyer
  • Always Do Your Due Diligence

Sources and Citations

  • Free House Flipping Report & More: http://www.REIforNewbies.com
  • Free Report on the Top 10 Home-Based Businesses: http://www.TheInfoAnnex.com
  • Great List of Online Resources: http://www.TheInfoAnnex.com/resources.html

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Find Motivated Sellers when Looking to Buy Real Estate. All content on wikiHow can be shared under a Creative Commons license.

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