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A journal taking you through what it takes to become a Real Estate Investor. Over coming your fears and stepping outside your comfort zone is the real challenge...
Posted On 6:11 AM by Scott Costello | 3 comments
Who are your buyers? bad credit looking for owner financing, investors, or good credit average people?
bad credit:
give them this great talk about how your company specializes in finding affordable owner financed homes regardless of credit, the benefits, and how it works (very simple), and with time add testimonials.
Investors:
this is for wholesaling, a simple sign up can do with some sample deals they can find. They would get an email of all available deals as they come in and they can contact you for the one they like.
Good credit:
tough one, what is their inventive to buy from you vs buying from a realtor... Finding greatly discounted properties that need little to no work?
information I would look for:
1. area of town
2. age of home
3. size of home
4. bedrooms/bath/garage
5. condition
6. price range
7. how much down payment they have
8. Employment
9. current income (PITI shouldn't be more than 50% of their monthly income, ideally within 36%. this would prescreen some of them)
10. Contact information
11. How soon do they want to move
For wholesalers of course it is a different story.
Just some ideas
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