Would you like to know the one magic motivated seller leads list where the response rates are ASTRONOMICAL; in fact motivated sellers who respond are so eager to get rid of their properties that you can buy them for 50% of market values or less?
Well sorry to bust your bubble but in reality no such list exists 🙁
But there are tons of opportunities that investors can pursue that yield pretty high response rates.
Here are some pointers…
Are you familiar with the concept of 0 Money down Real Estate?
In the world of Real Estate investing “0 Money down Real Estate” is often called – Subject To Investing. In effect you are using other people’s credit (typically the seller) to build a huge Real Estate portfolio. How? You are buying the property ‘Subject to Existing Money Liens‘.
Sounds too good to be true – it actually is! With this strategy you can buy unlimited Real Estate with limited cash and that too in a very quick time.
Where do you find these distressed property listings?
Consider Loan Modification and Pre-foreclosure (listed at the upcoming auction) leads.
Each morning we at Real Acquisitions tag Loan Mod properties for you where the sellers can’t make their monthly mortgage payments and have requested their mortgage companies to reduce them. Interestingly, despite the reduction, these sellers unfortunately will not make their payments and will end up on a foreclosure list.
BUT you can reach them now 2-5 years before they end up on a foreclosure list and take over their payments – that’s a win-win right there!
How familiar are you with Delinquent Property Tax loans?
Simply put these sellers are behind their property taxes. But why is this a serious issue?
– The penalties that accrue are astronomical and often are higher than even un-secured credit card rates
– The delinquent taxes will escalate to a lawsuit, then a judgment and eventually a sale at the county Tax Sale auction.
Here is the thing – you can reach these sellers today with a good Real Estate Leads software! Ahead of 99% investors who will get wind of these sellers at the time of the Tax sale auction.
The trick however is to further beat your competition by offering these sellers loans to pay their property taxes. Beware! You have to follow state laws and use the right legal process.
If you are a Deal Maker Pro members
City filed liens is a serious tiff!
These owners didn’t just mow their grass – a tiff with the City are serious distress signals!
Many property owners may get a citation from their city for issues such as un-kept grounds – but the City will move to actually file a lien on a property only when the citations are un-addressed. Mind you these liens could be a few thousand dollars for mowing your grass! But that is a definite distress signal – because more often than not it indicates an emotional or physical abandonment of a property.
Unfortunately, these are thousands of properties in your city where owners just give up. They stop taking care of the property and really are looking for someone to get the property off their hands. These could be free and clear properties so they may never appear on a mortgage delinquency list.
So goto RealAcquisitions and look up the City liens under Quick Lists to find these super motivated property sellers. Send them a mail or pick up the phone & call (you can look up their cell numbers on Real Acquisitions using our Power Trace)!