I can answer that title question I have no clue where the follow up post went. So I will try something else and just write what I always do until I find that post or specific set of notes again. So here we go with a little craigslist primer. Since a lot of people I talk to aren’t really using it to their advantage properly. I view it as a tool for free leads! Of all types not just seller leads. You can find people actively buying, and or other wholesalers to network with. All without placing an ad of your own for the lazy members of the viewing audience.
First thing when I have a craigslist cruising session I have a pen, paper, a calculator, and cell phone right next to me. I also have my property and buyer databases open so as I can track everything about my current or potential deals. (Tip: track everything! Original Asking price, Offer price, Accepted price, dates, comp averages, addresses, contact info, deals you didn’t get or couldn’t sell, just everything! For the simple fact that it puts numbers in front of your face to show you what is or isn’t working.)
Second when I open it up for whichever city or area I am looking in I actually open up the real estate for sale section and open up the F.S.B.O.’s (for sale by owner) in another tab on my browser by right clicking on a label to the right that says owner. In the original tab I click the broker label and have them completely separated. Which is good for those of you looking for a Realtor or dozen to contact to work your short sales or R.E.O. (real estate owned a.k.a bank owned) deals. From right here you should decide what it is you are looking for lead wise. If you want a Realtor or REO’s go to the broker page. Buyers (for the most part), other wholesalers and private sellers go the the owner page.
Some people think the only way to find buyers on CL is by searching the for rent and cold calling all of them or searching the for sale section and finding people with multiple listings. These are good ways to find them yes, but far from the only way. If you look through posts titles I almost guarantee within the first 200 posts you will see an ad title something along the lines of: House Wanted $0-50,000. This is usually an actual cash buyer who rehabs houses either to rent or resell a few at a time or lives in it and fixes it up to flip. (Time saving tip: use the search feature and just put in a $ symbol to search for cash buyers quicker)
Now of course you need property to sell to these buyers. The way I do it is if it looks interesting I bookmark it. (Organizational tip: If you are doing more than one area set up individual folders for that area when you favorite sites put it in the respective city ) Then if there is a number then I write it down and whatever property info there is to call them later. If not then I send them an email immediately now if an actual email addy is available I will take it down also to follow up later. Now if you have questions if a house is even a possibility open up your favorite quick comp site and have it ready to go for when you need it.
When just getting started I do recommend talking to other wholesalers and even those seemingly useless people known as Realtors … Why? Because if you are going it alone completely you will end up broke. Seriously though think about it if you have to split a few deals because you have no list or replies to your properties posted half of a closed deal is worth a lot more than a piece of paper with an expired closing date on it! Some of them will even tell you the best areas to contract properties in.
As for the announcement its now a riddle… If you look with a moderate amount of effort and use common sense you will figure out what this means. An opportunity I extend to any of you will soon be going away in present form and coming back in a toned down version… First person to figure it out and email me the answer wins a prize.
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