Most veteran real estate investors will tell you: The harder it is to find a property, the better the deal will be.
Why? One reason, people – lack of competition.
Been on the MLS lately? How’s your deal flow from realtors? Yeah, me too…
The days of foreclosures and good deals on every block are gone (for now). Sure there are still some good deals out there, but you have to work to find them.
You need to be quicker than your competition. Every hurdle you meet and overcome, is a hurdle that potentially stopped some other investor.
The Deals are in the Lists
Because there are not as many easy deals out there, many investors have turned to direct mail. You know… finding a list of potentially motivated sellers, writing a note or formal letter to them, and hoping they respond with good news of them wanting to sell their properties.
Some examples of situations involving motivated…
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.