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How to get Other People to bring you Foreclosure Listings
You don’t have to find all the foreclosure listings and properties yourself. There is an industry of people lined up and waiting to help you. There are countless others that will help you if you only ask and/or give them a reason. 1. Use bird dogs. No, not really a dog but a person who looks out for distressed property. He or she finds potential deals and sells the “lead” to investors. Many people are willing to bird dog because it does not take any money or special skill to find distressed properties. What you pay this person varies because bird dogs can give you raw leads or they can gather more detailed information for you. Find these people at your local real estate investment club. Just one note of caution, some states, consider bird dogging real estate practice requiring a real estate license. Check with your state’s real estate commission for guidance.
2. Ask your mailman. Who knows the neighborhood better than your mailman?
3. Pass out business cards everywhere you go with a message on the back that says you buy houses and will pay for leads.
4. Find a real estate agent who will represent you as a buyers agent. Agents work on commission and will support and help you to the end of the earth if they believe you are on the level. The problem is they get calls all day long from fake or wannabe investors. My advice; don’t ask too much up front. Try to get a list of properties and drive by them. Call your agent to show you the ones you are serious about and allow them to handle the sale. After a sale or two you will have a friend in the business.
5. Stay in touch with your sphere of influence. The most successful real estate agents in the business get new business this way. Chances are you probably know 50 people, friend and family types you call by first name. Make it a point to speak with these people on a regular basis (every 1-2 weeks) and ask if they know of someone in need of selling a home. Tip: when you contact them make it a reason other than real estate.
6. National Foreclosure Listing services. It’s probably like beating a dead horse at this point but the national foreclosure listing services like Foreclosure.com and Realtytrac can email you listings as they are posted on the market in real time.
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Contributor's Note
This is a post taken from a blog I publish, www.ForeclosureListingsWeb.com go there for more intel like this.
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The copyright for this content entitled "How to get Other People to bring you Foreclosure Listings" has been specified by the contributor as:
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This intel was contributed by Ron Allen
Ron Allen
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May, 2012
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