OfflineSo I"m located outside of pittsburgh pa. I have a great list of buyers that buy in pittsburgh, and i have buyers that purchase all over the usa.
This is my issue. I find properties that i feel are good, numbers wise, and i follow the 25/1 rule. The issue is that something just keeps coming up to where the end buyers just don't want the homes. I feel like i'm wasting my time when getting some of these homes under contract. I feel like i'm making a fool of myself. I have been trying to find homes in the top 15 fastest growing cities in the us. I try to find homes in the big cities as well, and the surrounding suburbs. It just seems like i can't find "the home" that end buyers want.
How many of you have had this issue when first starting off, and how did you overcome it? Thanks for the input!
Hey guys I have just relocated to the suburbs of Phoenix Arizona and I'm looking to get start with my REI Career I have little to no money to start with I have the drive an determination to be successful but I have no contact can any one give me insight on how to locate seller in a good are to start investing in. I will also need help on finding cash buyer in the area and nationwide. I will be looking to build a successful team so that we can all work together to change our lives.
DG community can you help me I know that it all start with the first deal and I'm ready to start
Hi Jacob your off to a very good start you have a good buyers list, now just go out and fill orders for those buyers and branch out from there, we solve problems, your doing wonderful, keep moving foreward, Jim
jbischoff
Its about finding their criteria and what they want in terms of a property not what you think is a good deal and just throwing it at them. You cant give a landlord property thats a fixer upper or a rental property to a rahabber....unless they specifically ask for those type of deals....even though they may sound good to you, but does it sound good to them? Is it in their price range? Is it the type of cashflow they wanted? Does it match their caprate request? Is it in the neighborhood they want? Is it the arv they want? The question isnt are they waisting your time or are you waisting your own time? The real question is are you waisting time by not bringing them the right type of properties? Do you even know what your buyers are looking for? If not its time to sit down and ask them, and do some research.
Thank you for the advice. I would love any other advice Dg members could offer regarding finding the right seller!
I agree with what has already been said and also suggest that you do a follow up with your buyers. After they say they don't really want this property simply say okay that's fine but tell me exactly what you don't like about this deal so that I can bring you a better deal next time.
Much of the time I have found that it isn't you or the property it's them. They have already spent their money this month or they have too many projects under way at the moment or any number of other things.
But, do a follow up to see what you can do better. Then when you present them the next deal they will begin to run out of reasons to say no.
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
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