If you are a wholesaler, rehabber or someone else that has to make quick cash I’m going to give you the secret to allow you to reach your financial goals without spinning your wheels as so many do and get frustrated and give up.
I’m not saying this is the only way as I have done deals to the contrary but it is the main way I have found after 20 yrs.
VACANT PROPERTIES!!
Concentrate on all vacants or soon to be vacants first and foremost and you will be targeting the most profitable and easily negotiable deals you ever have.
Stop banging you head against the unmotivated sellers wall. Once they are out they want to hear from you much more than while they are still living there.
I have never heard any course writer emphasize vacants enough. They all talk about negotiating with banks, or the owner who has no place to go and doesn’t want to move…
Look, keep it simple and effective. REOs are vacant but banks are financially strong. They take time and patience. An individual owner of a vacant property is much less financially strong. Work both! They both HAVE to sell esp. if the owner moved a couple hundred miles or more away.
A home that is vacant can be a ten times better deal than one that is occupied.
so how are you locating the owners of these vacant properties?
EquityHunter isn't locating anything but newbies with credit cards to melt. He reads guru crap and come on here to package it all as a secret.
But here’s a few of the many ways to locate the owners:
-Mailing address via tax records
-Subject properties address (they might stop by weekly/ monthly to take care of the place)
-Reverse phone number search
-Skiptracers
-Neighbors
I was wondering because vacant properties are no secret. If people just use this site as a resource, then join their local club to connect with successful investors, they will do well.
Change the word lie to embellish and most of the bite of his post is gone. We have to market ourselves as investors. Sometimes that requires a ‘variation of the truth that is still accurate’. For example if I own 10 properties with a partner, Do I have to say “I own 10 half properties” or “I have half ownership in 10 properties” or “I own 10 properties”.
If I go with the “I own 10 properties” am I a liar now.
I would call Equity Hunter’s post overzealous but I got the point. The fact that he was trying to help someone who was inexperienced should lend some hint that he was well intentioned … in addition to being a little exteme. Sometimes if we try to understand the message instead of the literal words, we can all learn something.
I don’t even know the guy. I just like to get info on investing when I visit here.
Actually the situation you described I wouldn’t even call embellishing, you do own 10 houses (with a partner but that’s irrelevant). He’s talking about flat out lying, telling people you bought 3 houses this week just to bump himself up even though he hadn’t bought any. He needs to concentrate on telling people what he can do to help them (all they want is help, especially in a very trying time), not worry about lying.
Yes, I concede the language was crystal clear. It must offend people who have been lied to a lot. I just can’t get emotional about it… But we all know what happens when someone bashes my buddy Carleton, right??