5 Proven Ways to Find Profitable Wholesale Deals
Randy Quay
Homewood Properties
214-586-4000
Drive For Dollars Drive neighborhoods where you want to invest and look for vacant houses. The best ones are the ones that look like they have been vacant for a while with overgrown and trashed out yards, peeling paint and broken windows. The neighbors will be glad to give you the contact information for the owner if they have it.
A lot of counties will red tag the electric meter if the utilities are off. Look for those. Most counties have the name and address of the owner (or whoever is receiving the tax bill) of the property. Send them a handwritten letter indicating your interest in buying right away.
Wholesalers
While you are rehabbing and making money, they are finding more deals for you. Spend time at your local REI clubs and seek out local wholesalers.
REO Realtors
Realtors that specialize in REO-s can offer some great deals. The key to working with REO Realtors is building a relationship with them. You have to understand that they get tons of calls daily from investors asking them to tip them off to the good deals. You are going to have to “sell yourself” to the Realtor so they know you are a qualified buyer. Here’s a tip: do things for them like offering to have your contractor change locks for them or clean out a house for them. Take donuts to their office for them and their staff. Constantly stay in touch without being a pest. You get the idea.
Business Cards
You can get 1,000 cards for $20. Get some bright colored cards that say what you do. “We Buy Houses, CASH” works. Tell them you will close fast and buy ‘As-Is’. Distribute, distribute, distribute. Leave those buggers everywhere you go. Give them to people you meet. Let the word spread.
Code Compliance
Try to get in touch with code compliance officers for your area and see if it is possible to get a list of properties that have code compliance complaints against them. Another place to look is your local legal notice newspaper. Sometimes these will list properties that have code compliance issues. Once you get the addresses, try to contact the owners. If you can’t reach them by mail or phone number search, talk to the neighbors. As a last resort, or just to save time, hire a skip tracer.
We all know that there are lots of properties for sale in today’s market. But, will it make the money you’re expecting? Call us today to discuss how you can find and truly profit from you next deal.
{Open} Fixer Upper
The sun he’d woken up to this morning was not filtered through a sandstorm, but lording itself over sparse clouds. The pills he took this morning were not to combat malaria on a trek through unnamed jungles, but to keep his knees in working order. He’d not climbed over half a mountain range to find a specimen, but over his belongings still packed in boxes to find something to eat breakfast out of. He had eventually given up and eaten cereal directly out of its colorfully adorned box while thoughtfully considering the meager view from his new apartment’s small window.
He stared himself down whilst brushing the night’s turmoil from his curtains of long black hair. He tried to erase the small, doubtful scowl. The logistics department took up a greater percentage of his brain than most other things people found important. His logistics department told him retiring was the best thing for his health and for his future. His logistics reasoned he should enjoy his accumulated fortune while he can. His heart wasn’t feeling it. His spirit wondered if it wasn’t perfectly acceptable to explore until he’s nothing but a ghost.
Orochimaru, however, rarely listened to things like his heart and his spirit, especially over his logistics department.
He’d strode down the stairwell and into the streets of Kazoku with the well-rehearsed confidence of one owning all he explored. His eyes alert, his shoulders back, his posture tall, his slender hands in the pockets of his black coat that billowed out behind him as he steps continued to briskly assault the cobblestones. The library was well within walking distance.
The library. Just the thought of any library was enough to make him smile. The town’s previous head librarian had retired from her position (retiring from retiring? Imagine!) leaving a nice new niche for him to slip into. Now that it was his library he was looking forward to making adjustments. It was a modest enough dwelling, dusty, dim and unassuming. That would not do at all.
As much as he like to ignore the fact, libraries were becoming less and less important in this day and age. A library had to be welcoming. A library had to be grandiose. There was potential in the building to become his. As with anything that had potential, there was absolutely never any excuse for it not to reach it in full.
These prospects reinvigorated him as he all but waltzed into the building. His mind was now filled with things he had to do today, mercifully pushing his doubts to the corner of his mind.
