No real estate investor worth their salt wants to buy a property from an unmotivated seller. No way. We want the heartbreakers. People whose stories will pull at your heart strings. Families who have had medical emergencies, deaths, job losses, divorces, emergency moves out of state, landlords dealing with evictions...
But, when we say it like that, we start sounding like the ambulance-chasing lawyers who everyone hates. I would argue quite the contrary…
When people get in these situations, they need cash – and they need it quickly. We are helping them out by converting their biggest asset, their house, into cash. We take one more thing off their plate that they no longer have to worry about. There is one problem though...
We can’t help these people if we can’t find them.
Through networking and public record searching, we can often locate the names of these people. But the names don’t do us any good if we don’t know the address – or even if there is an address. Maybe the person didn’t even own property. We need addresses to get in touch with these people.
So are we stuck?
Once we have the names, what can we do? Enter Mr. Catch 22. Many times, the public records will only let you search by the address to find out information… lots of good that will do if you don’t have the address.
Well, have no fear esteemed Moguls, we have found a website that makes finding an address so much simpler. Plus, this website gives you a ton of information about the property.
Who needs 007 when we have this Agent?
No one, that’s who! Let us happily introduce you to AgentPro24/7…
Suppose you have a list of probate cases. In Minnesota, for example, they publish the probate lists on a website called ‘Finance and Commerce.’ When you click on a listing, you get information that looks like this pic:
The posting tells you that the person has passed away, how long ago the notice was posted and information about the executor of the estate (who you want to contact).
See an address? Neither do we. We don’t know if there is even an address.
That’s where AgentPro247 comes in. Not only will this website locate the property of the deceased (if there is one), but it will also give you some detailed reports about the property for you so you can do your due diligence.
AgentPro247 costs just $20 per month and will give you 50 detailed property profiles. If you just want to look up whether there is a property associated with the name you have at all, you can do this an unlimited number of times for that same price. There is also a free trial version to see if you even like it. (You will.)
This service can save you a lot of money over just buying lists from a list broker.
The property details sheet will give you lots of great information on the property including:
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Number of bedrooms, baths, total number of rooms and square footage.
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When the property was last sold and for how much (great negotiating information).
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Comparable sales in the neighborhood.
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Demographic information about the neighborhood.
There is a wealth of knowledge in these reports that will give you a great advantage when you submit your offer.
Your mission with AgentPro…
If you’re looking up lots of properties at once, you may want your VA to do the property searches for you. Once they have done the search and located properties that appear interesting and in trouble, you can use the reports to prepare your offer.
Here is a great video that shows how AgentPro can help you find great diamonds in the rough that your competitors gave up on trying to find.
AgentPro247 is just one part of the due diligence you need to do when wholesaling, flipping or purchasing rental properties. It is a powerful part of that due diligence, but you will still want to check out the neighborhood, talk to neighbors and have inspections done.
The reason AgentPro is so powerful is that it gives you enough information to decide if a property is worth pursuing quickly before you spend a lot of time doing all that due diligence.
Go the Extra Mile – Great deals don’t just appear on the MLS every day. You have to go out and find them. AgentPro247 can help you do that.
Leverage Your Business – If you have a lot of properties to mail letters to, hire a VA or search for a list put together by someone using techniques like AgentPro247. They may be a lot cheaper than the big list brokers.
Perform Your Due Diligence – Once you have located a property, determine things like the After Repaired Value (‘ARV’) and fix-up costs. Know your numbers before you make an offer. The reports provided by AgentPro247 can help.
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.