The Most Cost Effective Way To Find More Properties

by blogger1
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on Oct 04 in BestTransactionFunding
There are all types of complicated Internet marketing strategies and sales funnels that you can set up today but perhaps the most cost effective of all for finding more wholesale inventory has nothing to do with the world wide web at all.

There are distressed homes to be grabbed up all around us. In addition to bank owned REOs and the properties being peddled by other wholesalers there are thousands of homeowners becoming delinquent on their mortgages as well as many homes needing to be sold quickly due to divorce and probate.

Of course exactly how many homes are in foreclosure or are in a distressed state in your area can vary, but taking a look at some of the numbers from data compiler Realty Trac it is likely an enormous figure. In August alone 1 in every 266 homes in Lee County, Florida received a foreclosure notice. In many parts of Los Angeles this rate is around 1 in every 100 properties. In Las Vegas, NV some zip codes are saw 1 in 19 or even more foreclosure filings in August this this. This of course doesn’t count all of those who have already fallen into default in the last year or two and who still need to sell their homes.

This means that you must certainly personally know quite a few people who need to sell. More importantly perhaps, it means that everyone you know also knows a number of people in need of help. Just through personal contacts alone you should easily be able to find more than enough inventory to keep you busy flipping homes for quite a while. The question is are you reaching out to them and do they know that you can help? If you simply traded contact details with everyone you ever come into contact with and told them what you do, you should have more than enough homes to make millions.
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