subject: 5 Ways to Find Leads when Flipping Houses [print this page] 5 Ways to Find Leads when Flipping Houses
To ensure that you'll have a steady stream of properties to flip, you will need access to a slew of motivated home sellers who will provide you with the thing that you mostly need. Finding motivated home sellers, however, is no easy task. For this reason, many real estate investors who generate profits by flipping houses exert a lot of effort into finding tools and creating marketing strategies that will easily attract the attention of these sellers.
If you're having a hard time finding sellers of houses that you can flip, don't fret. Listed below are some of the most popular marketing strategies that most flippers used when finding leads to motivated home sellers:
Expired MLS listings. While it is true that bad leads abound in expired listings, you cannot deny the fact that there are a lot of good leads that are scattered in expired MLS. You can also find sellers who might be willing to accept your offer in these listings, which is why you should check out the MLS even if it is a little bit outdated.
Flyers. Distributing flyers is a great way to attract the attention of sellers. You don't have to spend a fortune in creating these marketing tools and most of all, you don't have to actively pursue motivated home sellers just to get leads to great real estate deals. All you have to do is to create attention-grabbing flyers, post and distribute them in public places, and then wait for sellers to call you.
Online ads. Posting ads on Internet listing websites is also one of the most effective ways to attract the attention of sellers and buyers as well. While there are some online classified ads that require "posting fees," there are many websites allows you to post marketing pitches free of charge.
Bandit signs. Posting bandit signs is probably one of the most tried-and-tested methods of finding leads when flipping houses. According to real estate veterans, these signs can get the phone ringing off the hook. However, bandit signs are illegal in some cities and states so you might want to be careful when using these marketing tools.
Direct mail. If you think sending snail mail is already obsolete, think again. In fact, mailing letters is one of the most effective ways to find distressed homeowners who are willing to sell their homes for a low price.
For more tips on flipping houses and investing in real estate, go to www.RehabList.com.
