Re: Should I advertise for Buyers first? - Posted by Ryan (NC)
Posted by Ryan (NC) on August 06, 2007 at 16:37:44:
Look for the buyers and sellers at the same time, It’s rare that I keep all of our units in the paper at once… I’ll run a semi generic ad with some little extra special detail about one home and have tried and succeed in renting or selling up to 3 or 4 units off 1 or 2 ads.
Meanwhile start keeping a sellers list, it will provide you with a quick way to hook up buyers and sellers when you get the call… “I’m calling about your ad in the paper”, if the home you have isn’t what they are looking for (or have a contract) but they’ve got a decent amount of cash to work with ask the potential buyer what they are looking for and if you have anything on your list that might work you’ve got a chance to make a new deal.
I’ve heard the smart people round here say “if the deal is right the money is there”, if you can provide good stable returns to your investors and pay like clockwork you’ll have all the money you could ever need to do deals! Honestly, the ability to make good deals is more important than the money in a deal, there are lots of folks that have money sitting in banks earning