One of the most important things that you will do as a real estate investor involves making a connection with motivated sellers. Finding motivated sellers is going to be the most effective ways in which you can find effective deals and get the best prices possible when you buy properties.
Finding motivated sellers is essential for your success in real estate investing; of course, just knowing how to find them isn’t going to be enough - you are also going to want to be sure that you have effective tools for reaching motivated sellers when you find them.
When it comes to motivated sellers, you’re going to want to be sure that:
- You are able to focus on reaching those individuals who are likely to face foreclosure before they lose their homes
- You are able to connect with those individuals who want to unload a property quickly because of death or divorce or some other reason
- You are able to find those sellers who just want out of their situation
You’re also going to want to know that you are able to market your services - as a real estate investor, you may find that it’s a good idea to market what you do as a service; you’re going to want to be sure that when you do find motivated sellers, you know how to speak with them.
If finding motivated sellers is the key, you’ll find that communicating with those sellers is like finding the lock that the key opens.
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August 27th, 2008 at 5:30 am
[…] Finding Motivated Sellers Is Key […]
September 23rd, 2008 at 7:04 pm
Dear Michelle,
As a top influencer in the real estate industry, you’ve probably heard about the scandal surrounding Vesta Strategies, one of the many Qualified Intermediary “experts” that has recently gone bust, taking over $100 million of their clients’ money down with it. I know the heartache of working with Vesta first-hand: In early 2007 I almost lost $6 million by trusting them with my 1031 exchange.
The unfortunate reality is that the abuse case of Vesta Strategies is not an isolated instance. The real estate community is losing millions of dollars every year through 1031 exchanges gone bad, and it’s time for a change.
Since my eye-opening experience in 2007, I’ve been working on my personal brand of revenge: Starting a 1031 exchange company that puts investors first; that will protect the investor’s money as if it were their own. Launching this month, RockSolid 1031 goes beyond current regulations (or lack thereof) to ensure the security of your money. We commit to depositing funds only in money-market accounts that invest in government-backed securities. We have built RockSolid to facilitate the simplest 1031 exchanges possible. With unparalleled transparency and service throughout the entire process, RockSolid is a qualified intermediary created by real estate investors to meet the specific needs of real estate investors and their advisors.
1031 abuse is a disturbing trend that all real estate investors should be aware of. As an influencer in the real estate space, I wanted to reach out and share with you our story. I would also love the opportunity to speak personally with you. If that sounds of interest, please email me back at PeterWunsch@RockSolid1031.com.
Thanks, and I look forward to hearing from you.
Peter Wunsch
Chairman, RockSolid 1031
www.RockSolid1031.com