Buyers List
My buyers list consists out of several REIA clubs, and realtors. I am looking for ideas to expand my list, any suggestions?
My buyers list consists out of several REIA clubs, and realtors. I am looking for ideas to expand my list, any suggestions?
google these words: find cash buyers real estate. See articles like http://www.thereibrain.com/realestate-blog/finding-cash-buyers-real-estate/145/ (this is not an endorsement, just a random sample)
I tend to agree with this part of the article: "we’re not in the real estate investing business. We are in the MARKETING BUSINESS… and just happen to be involved in real estate."[ Edited by ITBInvestor on Date 01/24/2010 ]
Yes, contact your local title company and ask them for all the "Cash Buyers" in your market!
Jeff Adams[ Edited by bargain76 on Date 01/25/2010 ]
Updated buyers list is always needed and through different real estate sites it will be much better getting updated and thus one can better updated with everything. one need to find out where and how they can get updated list and for this approaching different real estate members can be worth beneficial.
Owner financing might be a viable option...
Get a mortgage broker. They can tell you your options without charging you for the advice. Then take the advice and get your mortgage through them so they get paid when it closes.
Even with bad credit, you may still be able to use FHA financing to purchase the property that will be your primary residence.
Talk to a bank loan officer that does FHA loans or consult a mortgage broker to discover what options you really do have.
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On 2011-05-17 13:17, finniganps wrote:
Get a mortgage broker. They can tell you your options without charging you for the advice. Then take the advice and get your mortgage through them so they get paid when it closes.
It will be thus better and helpful. I must say this is something beneficial and worth understanding for you.
I would use more hard money, but you know it has to be a deal.
To look for a deal there is no one solution. It has to be a deal that has enough room to make money. My last two deals, one was found by a realtor, the other by websites and driving. I look at multiple websites each day and have had a few bankers offer me some deals, at least that is their opinion. I would have money in hand or lined up and ready to go, both of the last two I received the nod since there was no chance that getting the money was going to stop the deal...the others were based on getting a mortgage. Best of luck, put in the time and crunch the numbers to make sure it is the deal you can make work. Also, the buyer when you sell is also a huge key, you must work hard to get the sale and get it through -- money is harder to come by than it was in the past for their first home...
Yes, I use homepath, hud, va, fannie mae, realtor, mls, craigslist, etc.
I usually find the bank web site and call the name listed...it is usually market internally and bids can be submitted before it reaches the market this way. If you are hunting via phone, property management, reo, foreclosure management -- each bank has a little different twist with how they name it.
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On 2010-10-21 22:47, CTWolfe wrote:
Hey question about that... To do this would you call the banks loss mitigation/reo dept?
Yes, I agree and accordingly it is needed to understand how it will going to effect.