8 Potential Properties

8 Potential Properties

Good morning everyone. My agent sent me a list of 8 potential properties that we can sell. My agent sent me a list of 276 cash solds here in my county in the past 90 days. I am still researching the properties for owner names to get those cash buyers. I am not understanding this part of the assignment in Dean's 30 Days. Is it here in this part that I start multi-tasking? Do I start getting buyers for these properties now while I do more of cash buyers research?

Any help or suggestions would be greatly appreciated.

This is what my agent emailed me so you can have a better understanding of what I am talking about:

Here you go Michelle. Click on the blue link at the bottom of the email. The listing will give you all the information on the property and you can click on the picture to view photos. This is a mix of foreclosures, short sales, and fixer uppers that are priced at a low dollar per square foot. I would mainly focus on the fixer uppers that are being sold by regular sellers. The transactions usually are quicker and smoother and theres more wiggle room to negotiate on price. I Filtered them down to about 8 properties that have potential. I looked up similar properties in the same subdivision that sold within the last 6 months to 1 year and evaluated what you could sell each home for after estimated cost for repairs. I made conservative assumptions, we will get a better estimation after we see the homes. The numbers came out the best on these. Let me know if anything interests you. What I want to do is come up with a catchy email to send out to all the realtors and my database of contacts advertising that we buy homes. Usually the best deals come from this type of marketing as we get to deal with the seller directly and its always best to find deals where you can negotiate with a person rather than fannie mae or a bank. Let me know if you need anything else, like we spoke before I will continue to update you weekly with any new properties that become available. Thanks

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Michelle

Hi. In response to your questions. I really like your agent's approach, they really seem that they are earnestly working on your behalf. It sounds like you already have some potential properties for deals so I would definitely be putting the efforts in to strengthen your buyers list because it sure seems like you have a keeper of a RE agent to work with on these. What both you and the RE agent need are the buyers, buyers, buyers that are looking for the properties. And it also looks as though you are working on the buyers list too given that you searched all the cash buyers.
I recently called the RE helpline for advice on wholesaling and they suggested that when I have potential properties like this it is beneficial to get some information (in a general way) to the buyers. ie/ I've got this 3 BR/1 BA in the xxxxxx neighborhood that I think I can get for X $$$ that needs X $$$ of rehab and does that sound like something you might be interested in if I can get it for that?
I am just now getting more buyers so that I am having some overlap in neighborhoods of multiple buyers so that is a good thing. I've got a ways to go however because there are many neighborhoods where I don't have specific buyers for... (though some buyers are strong enough to want houses just about anywhere if they get a deal).
At any rate Michelle, just wanted to stop by and be an encouragement. I wish you the best it sounds like you are on the right track!

Roger Schafer
Jaguar Investment Group, LLC

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