So i’ve been reading now for weeks and I’m a banker as well and I’m very curious as to how must of you find your good deals. Do you put out signs on street corners? Do you go to the county court house and look at the forclosure notices? Do you have a real estate agent you can trust that sends you leads?
I have found that this is going to be ruff for me as I work full time and go to school part time. If you can give any advice on techniques that work to locate properties efficently please advise!
I have a great realtor who understands exactly what we do and exactly what we’re looking for. The trashier the better, because no one else will want to buy it to live in.
Very few realtors really, truly understand this concept. All 99% of them know how to do is pull listings.
There are a ton of ways available to market- it kind of depends on what your budget is, and how much time you have. You get a lot of bang for your buck with bandit signs, but they are a pain in the neck to put out, and in some areas you will get in trouble from code enforcement. Direct mail is a good way to go if you are short on time, but can get expensive if you are mailing to a large list, and plan to do repeat mailings (which you should). As was already stated. if you can find a good realtor to work with who doesn’t mind submitting a lot of offers, that might be a good way for you to go.
It has been my experience that when you are just starting out, you have to do a little experimenting to find out what works best for you.