Investing Strategies
Wholesaler Essentials: How to Find Owners of Abandoned Properties
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Hey guys, (proud!) Mogul faculty member Steph Davis here with an oldie but a goodie. It’s a question I hear all the time from people who are new to wholesaling or even new to real estate investing in general:
How do I find the owners of abandoned or vacant properties?
Now you may be wondering, ‘Why do I even want to find those owners if it’s so challenging?’ Lemme be the first to tell you – you do and here’s why…
There’s a rich (pun intended) opportunity in this area of REI. It offers you a chance to make a heckofalot of money by tracking down those owners, but it can be hard…which is why not a lot of people do it… which is why the reward can be so rich. (See what I just did there?! Full circle people.)
When you do find them, it’s typically easier to negotiate deals because the owners don’t really want the house anymore anyway, which is evident by its condition. Oftentimes, the owner is so happy that someone is actually willing…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.
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