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re: Information for my fellow Real Estate Investors
Posted on 1/2/17 at 4:22 pm to Sho Nuff
Posted on 1/2/17 at 4:22 pm to Sho Nuff
quote:
Can you share how you go about finding foreclosures?
put out ads for pre-forclosures.
keep searching and see what listing agents have
go to auctions.
contact banks and ask for REO department or asset management.
Posted on 1/2/17 at 4:51 pm to Fat Bastard
quote:
keep searching and see what listing agents have
Most banks have relationships with just a couple of listing agents for their foreclosures, often times it's just one. Often times that one realtor is the listing agent for multiple
Banks. Figure out which realtors have REO listings, and find out which ones list the most.
Make friends with those realtors. If you aren't, someone else is. Use that realtor as your buyers agent so they make both the sellers and buyers commissions.
That's how you start buying homes that will be on the market.
The best way, as said, is to find pre-foreclosures and buy them before they hit the market by placing ads. That's what all the 'we buy ugly houses' ads are doing.
Posted on 1/2/17 at 5:09 pm to Fat Bastard
quote:
put out ads for pre-forclosures.
So send those "we buy houses" letters? Where would you put an ad?
quote:
go to auctions.
How do you find these? Can anyone go or do you need to join something?
quote:
contact banks and ask for REO department or asset management.
Ok, thanks. So I just talk to that person and tell them I'm interested in foreclosures and they have lists?
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