Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: ericmedem on May 13, 2009, 11:34:14 am

Title: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on May 13, 2009, 11:34:14 am
Okay,

Want a new method for finding buyers, that you CAN'T get from any GURU anywhere?

It's a tactic I have used for years and it's a playoff of the reverse cowgirl that I put in another post.  Except this time you don't need to deal with pain in the a$$ realtors (i'm a realtor by the way, but I do understand) that won't return calls.  Are you ready?

1. Go to the HUD website for you state.
2. Go to the Bid Statics page and write down the addresses every week of homes that have sold to investors.  They will be the Non-owner occupied homes.
3. After a few weeks these deals will all be closing. 
4. Go to your tax records and find out who bought them.
5. Contact those people.

This method cut's through the B.S because you will be tracking Non-Owner Occ sales.  Which are investors, which will make you lots of money.

Best of all once you start tracking you will have a fresh updated list of the newest buyers every single week.

Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Jeremy1113 on May 13, 2009, 12:24:36 pm
great, ima try this. Realtors are a pain, i email 10 of them and only 1 or 2 email back, from that those 1 and 2 realtors just stop emailing me all of a sudden , screw them. Ima try this method
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on May 13, 2009, 01:02:29 pm
ERIC, Great tip for finding buyers. Now since these buyers know where to look why do they need us the wholesalers??? Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: bashir on May 13, 2009, 03:41:40 pm
Because a good deal is a good deal. An investor is going to buy a good deal where ever he can get it as long as the numbers work. They don't necessarily need us in the sense that they can't do business without out us. But if someone emailed you good deals on a regular basis why would you say "Oh I'll get my own"

On top of this the investor is already getting the house at a steep discount and he doesn't have to go out and do all of this time consuming stuff to locate the deal. The deals are emailed each week right to his/her inbox.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: vittorio301 on May 13, 2009, 04:11:27 pm
Thanks Eric!

Good point Bashir...finding deals is work and time consuming.
Well at least it is for me and if someone came to me and said look at this pretty deal I have you all nice and shiny.
I'd prefer to sit back and just get emails and if the numbers work do it.

Let someone else do the work for me.

p.s. I'm taking applications...
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ClevelandSlim on May 17, 2009, 11:36:05 am
Hey Eric,

I went to the hud site... I can't find the bid page.  Can someone point it out to me, please.

http://www.hud.gov/local/index.cfm?state=oh

All the best,
~Slim~
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on May 17, 2009, 09:21:43 pm
Click your posted link.
Under quick links select buy a hud home.
click go to requested page.
Click Ohio at the bottom.
You're there, enter information and search.
Bid results.
Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: vittorio301 on May 18, 2009, 12:24:46 am
where does it say NOO?
Or are all HUD sales NOO?
I can't tell if an investor purchased the prop or not.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: bashir on May 18, 2009, 02:13:54 am
go to the very bottom of the search criteria where it says property type and pick "investor"
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ClevelandSlim on May 18, 2009, 03:10:09 pm
Gracias!

All the best,
~Slim~
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ClevelandSlim on May 18, 2009, 04:50:12 pm
http://hud1.towerauction.net/OH.htm

This is the page the links take me to.  I don't see anywhere I can search for "house by type" or investor.

All the best,
~Slim~
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on May 18, 2009, 09:54:32 pm
Slim, go to bid statistics,
pick a town, Cleveland maybe eh!
Green homes are offer accepted.
Yellow are still active, open for bid still.
Under catagory I see o/o or inv
I think thats owner occupied and investor.
You'll still need to run a reverse look-up.
Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: vittorio301 on May 18, 2009, 10:43:03 pm
Thats what I see o/o or Inv so how do you know an investor picked it up?
I don't see a selection for investor anywhere.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on May 18, 2009, 11:00:42 pm
Once a property is sold you can run a public records search on the address. Note though after closing it will some time for the county clerk to update the information. Once there you will see who bought it or what entity. If its someones name then it may be an OO or small time investor. If its an entity LLC, Trust, Co. etc then its an investor. Now run a phone no. or address seach. Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on May 21, 2009, 01:01:59 pm
From my experience about 95% of homes that get bid on 10 days after the original list date are purchased by investors....

In most cases when HUD lists their homes only "Owner Occupants" can bid on the homes for the first 10 days, after that it opens up to a daily all purchaser type structure....

Basically if an owner occupant was going to buy they usually buy within the 10 day time frame...From that point out it's all investors...

I hope that clears things up a bit
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Anson on May 22, 2009, 02:59:07 pm
If you are in pretty good with a title company, you can do this even easier.

Call up your title person, ask them to lookup buyers who have bought multiple properties and do the reverse lookup from there.  We found one of our largest investors by this method, he is buying 75-100 houses per year.

Good luck,
Anson
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: devin7903 on May 22, 2009, 07:50:03 pm
I can't find the link for the state of Georgia
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Jeremy1113 on May 26, 2009, 03:13:30 pm
So if the mailing address doesnt match the taxing address, that means it is an investor?? what if the mailing address is over in Oklahomawhile the house is in Missouri.
Example i found 10+ quick matching mailing address said to live in Oklahoma, but the houses that i searched are all in my area in Saint Louis Missouri. Does this still mean they are investors that live in OK while buying houses in MO??


Modify:  I actually googled this mailing address and found out that it was where the actually hud company was at........makes sense now. What am i doing wrong?
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on June 05, 2009, 06:00:21 pm
Yep different mailing addresses from the property that your looking at means that the home has been purchased by an investor....So in that case...Yes, they would be out of towners.....Which I have made a TON of money from.


Good luck
Eric Medemar
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: CLEELLIO9 on June 10, 2009, 12:12:24 am
OK, THAT INVOLVES A LITTLE WORK BUT SOON TO OPEN MY OWN TITLE AGENCY IN CAROLINAS BUT STILL MAY COME IN HANDY GOT SOME HOT DEALS IN CAROLINAS ANY TAKERS OR BUYERS
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on June 18, 2009, 06:02:36 am
OK, THAT INVOLVES A LITTLE WORK BUT SOON TO OPEN MY OWN TITLE AGENCY IN CAROLINAS BUT STILL MAY COME IN HANDY GOT SOME HOT DEALS IN CAROLINAS ANY TAKERS OR BUYERS

A little work to make a ton of money is way better than a lotta work to make a little money..
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on July 16, 2009, 05:28:48 pm
Hey, this little tactic has been killing for some of my students...

I don't think this is spamming, if it take it down....No sales message, just a direct download of how to do this...

www.GreatGuruGiveaway.com/hud_hound.WMA


Good luck...I hope this better explains it.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: robdedgar on July 16, 2009, 10:00:31 pm
Wow great insight and free info.  I am all over it like gurus on late night.  Maybe I will be the next guru with this awesome idea. :biggrin
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: RonH on October 31, 2009, 01:09:08 am
I think I'm doing something wrong.  I'm going to the assessors site and entering in the addresses and the only name on ALL of the property is the Secretary of HUD. 
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Nick Brian on October 31, 2009, 02:55:09 pm
Me going there and finding info. Hope this will be a fortune for me and everyone else here. Thanks a lot for sharing.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: finally on November 10, 2009, 12:44:38 pm
This is fantastic. Can someone please help me with Texas? HOw do I find those guys on this list.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: cdspeights on November 10, 2009, 02:40:20 pm
I am having trouble with Texas, also Finally.  I don't know that we have the same option that Eric is describing here.  We have to go through bidselect.com for HUD homes...I haven't been able to find any historical or statistical data to this point.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Davebeck on November 13, 2009, 01:30:16 am
Hey that was a really great tip...I liked your first line haha

everyone is always referring to the "gurus" and my question is who are not the gurus and who are totally legit?
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on November 19, 2009, 10:53:34 am
You know, I wish I could tell you who's good and who's bad but there's just so darn many of them.

I can tell you this.  In 99% of cases you can buy any product with a guarantee and know that if you're not happy you will receive your money back.

My refund rate is about 2% far below the industry 10% average but one thing you learn in this business quickly is that a p'oed customer can wreak havoc on your business, so just about anyone will grant you a refund if you don't like there product....

If they won't then you simply can contact your credit card company and tell them you want to get your money back and you can get it back...Though a guru would have to be teetering on straight up retarded to force you into a situation like that.

Bottom line what I'm saying is if you see a guarantee you can buy with confidence, if the material isn't up to snuff then just get a refund....Then it get's really easy to sort the good from the bad.

Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: WholesaleKid on November 20, 2009, 05:05:50 pm
Hey Eric.. I have your course! I'm Red, 16 yrs old from the Philippines .... I'm on the process of applying what I learn from your course... and btw.. the REO ROCKSTAR course? It sucks! It really really sucks! I will be happy to pay $97 for that $997 program!
 and your course? I'm glad I have it! 

hey for those of you who has Eric's course,  your on ur way to Sucess!  and for those who has the REO rockstar course get a refund...  Preston Ely is like the largest banks in U.S.A. - He legally steals your money!

,REd
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on November 27, 2009, 03:15:15 pm
Keep plugging away.
I think I'm doing something wrong.  I'm going to the assessors site and entering in the addresses and the only name on ALL of the property is the Secretary of HUD. 

The reason for that is because your Assessors site has not updated with the most recent information.  You can always go directly to there office and check it out.


Hey Eric.. I have your course! I'm Red, 16 yrs old from the Philippines .... I'm on the process of applying what I learn from your course... and btw.. the REO ROCKSTAR course? It sucks! It really really sucks! I will be happy to pay $97 for that $997 program!

I'm glad you like my stuff man...I'm sure you're going to do awesome.  Since you've got my course feel free to contact me anytime I'd be happy to help you out...that's what Im here for.
 and your course? I'm glad I have it! 

hey for those of you who has Eric's course,  your on ur way to Sucess!  and for those who has the REO rockstar course get a refund...  Preston Ely is like the largest banks in U.S.A. - He legally steals your money!

,REd

Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: OregonREI on November 27, 2009, 08:21:58 pm
Eric,

Great  tool. I have found quite a few investors this way thus far. Thanks. One question: I'm located in Oregon and one property I found listed an investor as the purchaser of the property. When I peel the onion a bit I find that the SECRETARY OF HUD C/O HARRINGTON MORAN & BARKSDALE is the actual owner. Have you ever come acrosss something similar to this? As it turns out HARRINGTON MORAN & BARKSDALE is a contractor management company out of CT. It is curious though that the Owner is the SECRETARY OF HUD - not sure what this means. Possibly they have been tasked with correcting issues with the property? Any help would be appreciated. Best Regards,
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: RealEstateLion on December 12, 2009, 04:21:17 am
I'm in Washington State and I'm having trouble with it as well. I cannot get any recent information.  Can someone help? Thank you!
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on December 14, 2009, 11:52:04 am
Eric,

Great  tool. I have found quite a few investors this way thus far. Thanks. One question: I'm located in Oregon and one property I found listed an investor as the purchaser of the property. When I peel the onion a bit I find that the SECRETARY OF HUD C/O HARRINGTON MORAN & BARKSDALE is the actual owner. Have you ever come acrosss something similar to this? As it turns out HARRINGTON MORAN & BARKSDALE is a contractor management company out of CT. It is curious though that the Owner is the SECRETARY OF HUD - not sure what this means. Possibly they have been tasked with correcting issues with the property? Any help would be appreciated. Best Regards,

It means that the tax records have not been updated as of yet because they are still showing HUD as the owner of the home rather than the actual new owner.

You may be able to go to the registrar of deeds office and speed up the  whole process.

Once you get the names then run them through my Buyer Multiplier which is posted around here somewhere then you can exponentially be growing your list with very little effort.

Good luck,
Eric
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: DanFlips on December 14, 2009, 06:15:24 pm
Eric,
I'm investing in Michigan also and I just purchased your course moreso for the buyer generation ideas than anything.   I reviewed over half of your information yesterday and I have to say, I like the way you take the obstacles out of the process moreseo than many of the guys charging you much more $$$.

I do have a quick question about where to go online to find the information for the buyers by putting in the adresses that sold via HUD.    Every site I go to when I google Registrar of
Deeds, etc.  wants to charge over $5 per adress.   Do you know of a site where I can pull this info for free for Macomb county in Michigan.   Any help would be greatly appreciated.   I am on a very tight budget, otherwise I would just pay the $5 per adress and if that is my only option then so be it.

Dan
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on December 14, 2009, 10:06:10 pm
Dan, I think you're after this.
www.publicrecords.netronline.com
pick your township.
go to data online.
When you reach bsasoftware thats it.
These can be tricky to use but you'll get used to it.
You can't look at the actual deed online.
Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: DanFlips on December 14, 2009, 10:37:42 pm
Thanx Herbster.   I checked it out and after entering State and county it brings you to "Select a Product"  and from there I choose Property Detail Report.   I then enter the adress and nothing is returned.   Nowhere in the process did I see bsasoftware.    It also looks like a property detail report is $3.50.   Would this be correct?
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: HelloMotto on January 03, 2010, 11:19:52 am
Is HUD more likely to sell to oo if they come in low on their bid as oposed to investor? Thanks.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: mason319 on January 03, 2010, 06:42:11 pm
Thanks for the great info Eric... sounds like a great way to create a killer buyers list. I'm having trouble with charleston counties tax assessor site for pulling up the investor(buyer) info because they require parcel ID # rather than a simple address and this number isnt posted on huds website. Can anyone give me any insight??
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: herbster on January 03, 2010, 09:44:16 pm
Mason You can usually get the parcel number on zillow. Just enter the address, search, more info etc. Herbster
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: DemosL on January 05, 2010, 02:54:03 pm
Yep, Herbster's correct. Go to Zillow, search for the house and click the Home Info tab. Then look at the bottom of the Public Facts.
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: mason319 on January 05, 2010, 06:11:43 pm
Got it!!! Thanks a million guys
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: Coolpal39 on January 23, 2010, 11:42:57 pm
How do you do an effective reverse look up, or tax look up on these investor buyers? Is there an easy way?
Title: Re: NO B.S Buyer Finding (No Guru will tell you this)..Best Tactic Hands Down
Post by: ericmedem on February 24, 2010, 03:52:07 pm
I suspect once you get this you'll understand why this method works like crazy

1. You simply track the HUD listings
2. After 60 days they should be closed
3. Go to the Tax Records
4. Look for owners whose addresses are different than the property address.
5. Wallaaaaa.... You've got yourself a buyer spotted.
6. Then use the buyers script that I've posted here in the forums and it's on like donkey kong.