Not Simply a Rehash on Motivated Sellers… - Posted by Geoffrey Faivre-Malloy
Posted by Geoffrey Faivre-Malloy on December 05, 2000 at 20:00:40:
OK. I’ve got some questions about Motivated Sellers. Before you stop reading, I have read the archives. I’ve got some more questions that I wasn’t able to find in there. So, here’s to hoping you guys and gals can answer my questions…
First though, my situation. I’m a new real estate investor who hasn’t found his first deal. The niche I have chosen first is wholesaling. I chose this niche because I could make some money with very little expenses (money is tight at the moment). Once I have more money, I’m going to reinvest and start doing some advertising and signs and what not.
I’m in the Atlanta GA area and have spent a bit of time looking around in Cherokee county for junkers. I’ve even managed to find a few but had no success with the sellers.
So, on to my problem.
Obviously, to get these junkers, I need motivated sellers. I’ve attempted to get real estate agents to give me some listings of “fixer uppers” but I have yet to have any of the half dozen or so agents fax me any listings.
Now, as I understand it, real estate agents can be a good source for junkers if you find the right ones. HOW DO I FIND THE RIGHT REAL ESTATE AGENT? I feel like I’m playing the lottery here!
Second problem. I’ve spent about 15 hours so far driving around looking for junkers. Now, if I’ve spent that much time I would think I would have found more than half a dozen junkers! Obviously I’m looking in the wrong area but I haven’t been able to find the “right” area yet. Any suggestions?
I’m not going to give up as I know it’s working for tons of people out there. Just gotta find those sellers!
So, basically, I’m looking for “Tips on how to find motivated sellers on a budget (no money down ;)”.
Any help is greatly appreciated!