Re: No Money Down In Southern Calif.??? - Posted by Jim
Posted by Jim on June 15, 2000 at 02:36:36:
I’m in a HEAVY seller’s market here in No. Ca. I deal in SFRs mostly, generating $15,000 to over $50,000 PROFIT per deal. Buyers will always pay more then renters! Many “No Money Down” (mine that it). Mulit offers is a very good strategy in getting the seller to seriously consider an offer you make. I use it ALL the time. Keep plugging. You will find that seller. In the mean time, expand your market (the ways of buying and kinds of proprties) and DON’T waste you time chasing dead end deal. If they don’t accept an offer, and the property doesn’t sell in 30 days, modify your offer (if needed) and resubmit it. You don’t know how many of mine were accepted 60+ days after my initial offer(s) were made. I’ve had sellers looking for all cash accept owner financing or a lease/option 3 months later.
Also, look into marketing techniques. Writing copy that draws, is an art. Test headlines, change your ad (even if just a little), compare one results to another. Test-Test-Test! You will find the formula that get you calls. Remember, The ads that gets the calls is the one that appeals to the sellers needs.