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Real Estate Investing Forums | Real Estate Investing | Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas) | Topic: Frustrated ! No Sells Yet
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debran
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« on: April 14, 2017, 10:09:52 AM »

I am getting frustrated
I now have 7 properties under contract to wholesale
All of them at or below 70% ARV, I am trying to get 5k or in some only 2k wholesale fee
I am getting a lot of interested investors asking but nothing is selling yet

we showed one investor a property and he said he was going to work on financing and I sent him the assignment but now he does not return my emails or calls.

I am advertising on craigslist and sending info to my small list of investors

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javipa
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« Reply #1 on: April 14, 2017, 11:30:19 AM »

I am getting frustrated
I now have 7 properties under contract to wholesale
All of them at or below 70% ARV, I am trying to get 5k or in some only 2k wholesale fee
I am getting a lot of interested investors asking but nothing is selling yet

we showed one investor a property and he said he was going to work on financing and I sent him the assignment but now he does not return my emails or calls.

I am advertising on craigslist and sending info to my small list of investors


"Investors" are not the same thing as "Cash Buyers."

Evidently, your advertising is targeting the wrong audience.

While you hunt up actual cash buyers, you might want to try advertising a phantom deal that's 50% off market value, and say 'cash buyers only'.  Then when you get actual buyers with cash, you direct them to your current inventory.  The pros will understand what you're doing with the phantom deal, as the rest aren't likely to perform anyway.

You could also test a competing add with all the same information, but adding "If you need financing, this house isn't for you."  I'm betting you get some helpful feedback from that.

Guerilla search for cash buyers:  See who has taken title without financing, and for low prices in your farm area.  You can also sift for these on listsource.com. ie:  Low prices; no mortgages; transfers within the last two years, etc.

Or ask your title company (recommended) rep to run a search for 'cash buyers,' or perhaps search the MLS.  Try to get phone numbers with the addresses.

Or hunt up the active rehabbers in the area.  Drive around; find houses that are being renovated.   

Meantime, keep your "steal" ads up everywhere you can, including bandit signs in front of the houses.  The most-likely buyers, or their bird-dogs, are trolling the area for deals.

BTW, market to 'cash buyers,' not 'investors.'  These are not necessarily the same things.

FWIW

 
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WolfHouse
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« Reply #2 on: April 15, 2017, 06:28:19 PM »

I was talking to someone just other day in a similar situation. He got offended by what I told him, but I was speaking honestly.

You get what you should get, when you should get it. Sales only come from building up the proper system. If you're getting frustrated, redirect the energy from frustration into learning and building. Go get more advertising setup. More CL ads, try FB, build a website, etc.
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InvestorBill
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« Reply #3 on: April 18, 2017, 07:31:47 AM »

I am getting frustrated
I now have 7 properties under contract to wholesale
All of them at or below 70% ARV, I am trying to get 5k or in some only 2k wholesale fee
I am getting a lot of interested investors asking but nothing is selling yet

we showed one investor a property and he said he was going to work on financing and I sent him the assignment but now he does not return my emails or calls.

I am advertising on craigslist and sending info to my small list of investors



Well if your looking to co-wholesale I could help out. I'm a marketing pro and have no issues finding cash buyers. I have more issues finding deals.
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realestatelayne
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« Reply #4 on: April 19, 2017, 03:20:42 PM »

From the looks of it. It seems you have some good deals i would just continuing to keep promoting them on craigslist. Someone should bite on them eventually. How long is your contract for?
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vlady1
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« Reply #5 on: April 20, 2017, 08:02:31 PM »

I bought a cash buyers mailing list for my area through a list broker to sell my first few deals. They were the cheapest I found  (500 names for $40 bucks) and it paid off.  I can't post the website link here but you can PM me
« Last Edit: April 21, 2017, 04:44:33 PM by $Cash$ » Report to moderator   Logged
jaymacho6
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« Reply #6 on: May 30, 2017, 03:43:02 PM »

Is it possible to obtain a listing for my areas as well? I live in Chicago and would definitely pay for a listing PM me.

Thank you much.

Jacob
« Last Edit: May 31, 2017, 06:25:31 AM by $Cash$ » Report to moderator   Logged
Linda L
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« Reply #7 on: June 22, 2017, 12:57:33 PM »

Hi  all I may be able to assist the the deals are in my footprint  have more cash buyers then i have properties at the moment  live in Canada so need eyes on the ground to assist  contact me if interested
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Real Estate Investing Forums | Real Estate Investing | Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas) | Topic: Frustrated ! No Sells Yet
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