I have been investing in WA real estate for several years now. I identify my properties every Wed., view them on Thurs. and go to the Auctions on Fri. What I have found in speaking with many investors while we stand in front of the court house seems to be a common theme these days.
What I have found is this: Many investors have said that with all the "opportunities" we have these days with he increase in foreclosures and people just needing to get out, we are all still sitting here in the (sometimes rain and cold) all bidding on the same "prime" deal with huge competition.
As many of you know if you go to these auctions, the "one" you really want is also the "one" the other guy wants as well. Also, in many cases if you like the deal you have to take what and where it is. No options really when it comes to the "deal". Many investors have told me that they don't always like the location (city, neighborhood etc) but it is what it is.
Our solution is this.
Over the last several months, we have put together an investor group "list" of over 95 investors in WA State. Once per week, we send out e-mails asking for requests on - where? What? How much? etc. for our investors and we then take a completely different approach from the "norm"
Rather then go to the auction and hope you are successful, we try and find what you are looking for (as close as we can get) and only let you know about the particular property that you made a request for.
Your competition is very limited (unless others have requested the same basic particulars) and your options are endless. This is a very hard and time consuming process and we can not always get what you want, but we get close.
We also have a lease option program that allows for very flexible opportunities in some cases. With many of the homes we find, we do the best we can for the customer while doing the best we can for the investor. A win win for all is our goal while getting you the best price on the property.
We also advertise these lease options when we can and in many cases have a tenant for you after your purchase.
Non-bank financing programs exist as well without having to pay the normal 4% short term fees along with, in some cases, a 3% Realtor fee. This is not to say we do not have the "normal" opportunities as well which include working with a Realtor.
So if any of you have requests, comments or additional thoughts to make this system better, we welcome the input. To submit requests or to hear about our New Construction master planned community for investors with good cash flow and built in equity, please let me know.
Thanks for reading and as always, please go to www.easywaytoshop.com and request to be put on the business directory - No cost! Good advertising! Good business!
Comments(1)