Posted by Doug (ON) on August 21, 2001 at 19:25:45:
Forget about properties, focus on the sellers. If you make offers ‘on houses’ you will completely destroy your enthusiasm long before you ‘get lucky.’
What you need to do is find sellers who NEED to sell. If the seller is listing the property, chances are they only WANT to sell, it’s not a NEED (yet.)
What are your buying and selling strategies? You say you’re offering 75-80% of FMV, are you planning on getting mortgages for these houses? Using private funds? Taking them subject to?
How are you going to sell? Cash? CFD? L/O?
Read through this site about how to find motivated sellers, and start following the advice! Get yourself a good course to teach you a particular technique, and follow the advice!
What you’re doing now has very little chance of success, but if you contact the owners of expired listings, then you’ll be heading in the right direction.