I found a great bank owned property that was available for less than half of the market value and even with some improvements it still should sell for double the investment. Once I found the opportunity, I began to talk to my previous clients, friends, family and eventually everyone I know. I ended up showing it to eight people and am expecting at least one offer on it.
Four of the people who viewed the property became active buyers (These people where not in the market at the time). I have shown this small group of investors other undervalued opportunities and I am expecting another offer this week. All of the buyers have committed to listing with me when they have made their improvements.
All of this started with a good opportunity and some phone calls.
Opportunities and buyers are out there. So here is my suggestion:
1. Find a good opportunity, not just something below market value. Find something that could turn a profit for someone!
2. Call everyone you know and tell them about it. Some of the people I called where not interested, but they gave my info to their friends.
3. Show the property to those who have an interest.
4. Whether you write or not, you will have a nice group of buyers that will be excited about the market just in time for the spring market.
One more thing...there is nothing wrong with finding one for yourself.
This is a great way to your year off and running!
Good luck and happy selling!