Posted by Mark-NC on January 22, 2000 at 15:25:32:
Its all a matter of opinion. I personally like to find the buyers first. I will run a dummy ad for buyers. ( it’s called the old bait and switch, Car dealers do it all the time) When they call just say, listen Im sorry but that particular property is gone already but we are investors and we get new ones in all the time. Then I will ask them what area are they looking for a home? After they tell me I will say somthing like I think I may be able to help you out, how much money would you have for a deposit, how much could you afford for monthly payments and what is your credit like. If they sound like a good candidate I will find them a property either to flip to them or lease option.
I find it easy to find homes, its the qualified buyers that are harder to find. Another reason for this method that I like is when you have a buyer and a home the whole deal is ready to put together and you won’t have to worry about backing out of the contract with the seller if you can’t make it happen.
As far as worrying about being a licensed Real Estate Agent, thats not a problem. On a flip or a lease option you will be in controll of the property first. You are not selling directly from the seller to your buyer. You need to represent yourself as an investor that buys and sells homes ect.