I have built a buyers list for residential properties, however I have an opportunity to get an REO lot in a high end neighborhood under contract. I will go through my buyers list but my question is are these properties more difficult to move? Do I need a different type of buyer and is there a good forum to find them?
Thanks in advance!
When you buy any property, any price, any area, you need a plan to sell it. It’s not necessarily more difficult to find a buyer for the property as long as you can show a potential investor or buyer the numbers.
If you’re going in blind and have no idea of restrictions, zoning, what can be built, ARV, etc. then how do you know you have a good deal? If you can do the deal yourself, feel competent and make money, then it should be just as “easy” to find a buyer as any other deal.