Many ways to Find Motivated Sellers

Here are some options for you to consider when you want to build your motivated sellers list:

I track the short sale deals that are on the market for more than 90 days that have deals fall through or buyers growing weary. I go in with low offers.

Divorce decrees are available in the courthouse. You can gather this information and send them a mailing.

I look in the tax records to see who is delinquent on their taxes and send mailers to them. In most cases today, if they are not paying theri taxes they are not paying their mortage too. Most lenders require PITI to be paid on any first position loans they offer a borrower.

I look for for rent signs that have been up for a while or look like they have gone up and back down a few times. I will contact that owner.

I look for out of state owners and send mailers to them.

I also look for other real estate investors who got themselves into a hard money loan and are desperate to sell...like now!!! Most times to just get the debt off their back!!! The rookies!!!

I have found out who the local REO listing offices use to place signs on properties that are going up on the MLS. They have given me a heads up on these properties.

I look for properties that were once listed as a short sale and are now pulled, but did not show up as sold. These are most likely going to go to auction now or very soon. It is a property to follow closely.

I have used probate filings as a good source of motivated seller leads too. You can go into any probate court with a file number you pulled from the public notices section and add a few that number to see if you can find the most recently probate filings.

I use facebook as a advertising source to reach not only my network, but there is an advertising option on there kind of like pay per click on google. the nice thing is that you can target certain areas, ages, genders, etc on this marketing.

You can set up a twitter account and gain a following about what to do in case of foreclosure or how to liquidate an estate when someone passes. You could even use the same theme for a blog and market the crude out of it.

I even drive neighborhoods that I am interested in and look for vacant or deferred maintenance houses. I ask neighbors in the area to refer people who want to sell to me and I will give them a referral fee.

I have networked with a variety of different real estate professionals who know that I will scratch their back if they scratch mine. I have agents referring leads to me that do not want to list with an agent. I will buy the property and relist it with that agent to get them their commission on the back end.

Loss mitigation companies are another good source or mortgage brokers that turn borrowers away due to not being able to help them....they can refer their clients to you as another option.

The possibilities are limitlss, you just have to see where the need is and put your name in that arena. Refererals can be some of the cheapest marketing you use, if you do it right.