Finding Deals for the Smart Wholesale Real Estate Investor

Wholesale real estate propertieS don't just come to you. You have to go out and actively find them! I use several inexpensive and effective methods to attract the attention of sellers. Each of those methods is described below.

SIGNS


Depending on local ordinances, you can put out "We buy houses" signs at strategic points in neighborhoods to attract the attention of sellers. By strategic points, I mean put them out at every entry and exit to a neighborhood and at different intersections so they're easily visible and will attract the greatest number of viewers.

If you're farming lower- and moderate-income neighborhoods, you can put signs out one time to see what happens with them. If they're picked up quickly, then you don't need to worry about putting them out again. If the signs stay up for, say, a week to two weeks, then continue to put them out. You want to make sure everyone in the neighborhood knows that you're buying houses.

Some cities will let you put the signs up on telephone poles; some won't-it all depends on the local ordinance. Be sure to check ahead of time because some cities will fine you for doing so, and the fine can be a substantial amount.

Another method I use is to place signs in the front yards of vacant houses if I haven't been able to track down the sellers. This often attracts the attention of neighbors who think that you're trying to sell the house. When they contact me, I tell them, "Hey, I don't know what I'm going to do about the property yet. Let me get your information. Tell me, how much can you pay? How much can you pay per month? How much can you put down?" This method builds up a list of interested buyers. Then, when I do track down the sellers, I know what to offer and can make money on the deal.

LETTERS


A letter is a particularly useful technique when you've located owners who are facing bankruptcy and/or foreclosure. Any letters you send out should emphasize that you can help the owners out of a bad situation. See the sample at the end of this article!

FLYERS AND POST-IT® NOTES


These items are part of your mass marketing strategy. You can hire companies to do door-to-door flyer distributions (look in the Yellow Pages). The cost can be low, depending on how many you want distributed. I've had costs in the range of 8 to 12 cents per flyer. You can lower the price even lower by doing a joint mailing with local pizza or other restaurants. In many cases, they'll be happy to joining forces with you to get their costs down. The really beneficial part of this arrangement is that they'll give you back the addresses of vacant houses.

In terms of Post-it notes, you can hire companies that will print your information on these notes. Do a Google search on the Internet, and you'll find many firms who offer this service. You can stick them on doors and attract the attention of potential sellers and buyers.

SAMPLE LETTER


You've been through enough already.
Let me save your credit: No Foreclosure. No Bankruptcy.
Let me put CASH in your pocket in as little as seventy-two hours.
It's not too late, but on April 1, it will be.
Dear Friend,

If you want to STOP FORECLOSURE before the sale of your house in April, I can help you. I not only want to stop the foreclosure of your house, but I also want to save your credit and put $11,000+ into your pocket. But you need to call TODAY!

If you wish to stay in your house, please contact me soon. I can help you stay there. I've helped many people stay in their homes, even when they thought it was impossible. Call me now for a FREE consultation. I want to help you.

Your situation qualifies you to receive $11,000 or more if you choose to sell your house. If you are interested in selling, please contact me immediately at 777-777-7777 or tim@email.com. I buy houses. Time is running out, so call now.

Are you considering bankruptcy? Often this is not the best option. Let me explain the hidden dangers of bankruptcy that lawyers are keeping secret.

Before I can help you, I need you to call 777-777-7777 or visit my company's website at www.website.com. There, you will find more information about our company and what we do. Feel free to submit an email from the website. It will be answered within 24 hours.

I want to show you:
How to avoid a bank foreclosure
How to find help to make up back mortgage payments
How to sell your home quickly and profitably
How to clean up a credit report
How to file for Bankruptcy without paying outrageous legal fees
How to get your finances back in order

To get your free consultation, call me now at 281-582-8080, and I will begin to assist you immediately. This is a FREE service.

Sincerely,
Tim

Want to find a FREE instant access for 30 days to this secret list of motivated sellers, deep-discount wholesale deals, pre-preforeclosure, bankruptcy bargain-priced properties, wholesale properties and neighborhoods the easiest way possible? Go to www.DoDeals.com

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