Here’s a real interesting question that came into one of my surveys that I’m sure is on the mind of many people that want to learn how to invest in real estate:
“Need to find buyers before we find the properties to sell to them. How do we build this buyer’s list?”
There’s quite a bit of danger in your thinking on this one, it is a bad way to start and bad advice to take from someone, and let me explain.
You’re never going to be able to build a list of people that are always in a position to buy a property when you have one ready to sell.
That’s not how people buy homes. Plus everyone has different tastes and needs in a home. You’ll never be able to get 10, 20 or 100 people on a list that all want the same characteristics in a house either.
Selling your investment property is actually the easiest part of the equation and it all comes down to marketing.
If you are just getting started as an investor, I highly recommend that you leave this up to a real estate agent that specializes in investment properties.
They will know exactly what to do to get your home sold fast. If you are trying to squeeze out more money by selling the house yourself, you need to stop being so greedy.
As long as you buy the right property at the right price, you’ll make plenty of profit even after paying agent commissions.
Then you don’t have the trouble and headache of trying to sell the home on your own. And “building a buyer’s list” can no longer be an obstacle that is blocking your path to starting as an investor.
Frankly, it appears like you really have a deeper issue that is keeping you from getting going and this is coming out as an excuse for why you truly aren’t moving forward.
It sounds to me like you are afraid of failing and let me tell you, you aren’t alone. Everyone, I mean EVERYONE has those thoughts racing through their mind before jumping into this game. It’s perfectly normal.
You have to be able to get over that fear of failure or you’ll never win. The easiest way I’ve found to do that is to have a team of strategic partners and mentors to help me out.
This business is way too difficult to do on your own.
Once you do get going and you have a couple of deals under your belt, then I would recommend that you start looking at potentially selling the home yourself.
There’s a litany of marketing tactics that you can learn and implement, but that’s not the scope of this post.
However, I think you’ll find that it’s much easier and more enjoyable when you do this business using an agent. I’ve done both ways and will only use an agent now.
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