In Investing, for the reason of competition alone, you have to advertise the fact that you are in a position to help while being fair, trustworthy, and accurate in making quick decisions before the competition tries to persuade these people first; therefore you will need to understand marketing. Which means that you must decide on what you are going to specialize in, you need to develop a method to define your target audience, and then attrat them with a week written message using the different types of media to get the word out.
What exactly do you want to specialize in? Here are some categories from which to choose from:
Commercial - hotels/motels, strip malls, office complexes, mobile home parks, storage units, parking lots, garages, restaurants, stores, apartments (for five or more families)
Industrial - factories, refineries, manufacturing plants, and so forth
Farms - commercial, industrial, or agricultural, depending on zoning
Raw land - lots, vacation, recreational, sub-dividable residential, commercial, industrial, agricultural, and special purpose
Special purpose - churches, schools, hospitals, power plants, theaters, sports arenas, golf courses, marinas, and so forth
Here are some examples of how you might go about finding some good deals:
Look at bulletin boards, local papers and small independent publications. This goes for every publication you get. Make sure you get one of the first copies off the press. Better yet, advertise yourself and get people who are thinking about selling to call you before they actually tell the world through an ad.
Watch the local paper for foreclosure auctions, tax sales, and HUD and VA listed properties. Note: Auctions held in bad weather where the property absolutely must be sold are your best chance to limit competition and get property at rock-bottom prices. Because there is no low limit on what can be accepted (no reserve) you may win big.
Post fliers everywhere-colleges, Laundromats, shopping centers, bowling alleys, public bulletin boards, churches, local businesses, wherever large numbers of people congregate. Give them a chance to give you a lead on a hot deal. Print quality business cards.
Join organizations of all types. The sky is the limit. There are so many-just pick the ones that you would be interested in truly being a member in.
When you use headhunters, leave out no one. Property managers, moving companies, relocation services, neighbors, landlords, tenants, the mailman, the paper boy, gardeners, landscapers, service technicians, pest control people, friends, acquaintances, relatives, and other investors. You name it!
A special note: Water, gas, and electric company personnel who shut off utility meters can be very good bird dogs when it comes to finding property that is in trouble or vacant. Make sure they have your cards.
Go to free seminars on real estate. Do this not only to learn about real estate but also to capture names and circulate among real estate-minded people. Once you have their names, call your own club meeting and network to prosperity. Find your mentor here.
Dont forget to try just helping someone to sell his or her property even if you don't want it. Be a friend and offer to help for nothing in return. You will be amazed at what happens when you sincerely try to help with no thought in mind of making money.
Those are some of the basics of advertising and finding the opportunities to buy real estate below market. The old saying goes: You make your profit when you buy, not when you sell.
1 Comments on Good Deals in Real Estate..............
OCT
24
2007
If you want to talk about a good investment deal, you should talk about Alabama. We have amazing deals on the beach that can just about cash flow. If they don't cash flow keep in mind our GOZONE opportunities. As a real estate professional you can bonus depreciate 50% of the value immediately and then you will almost always cash flow. I also pay up to 50% referrals so keep me in mind.
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