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Flipping Houses – Market Your Properties Like A Rock Star (pt 3 of 4)

In part one of this series, I told you exactly what to do when you get a house under contract.  In part two, I told you what to do if ten days go by and you’ve still not found a buyer.  Now, in part three, I’m going to further instruct you on what to do when twenty days go by and a buyer has yet to pull the trigger on what you thought was a slam dunk deal…

OK, after ten days go by and no buyer, you first need to reevaluate the deal.  Now, if twenty days go by and no buyer, you need to reevaluate the deal once again.

What are your potential buyers telling you when they go by the house?  Why are they not pulling the trigger?  Is it the repairs?  The numbers?  The neighborhood?  Is there something about it you are not aware of?

You need to know these things.  And, there is no better person to ask than a rehabber, who has  just gone by and looked at it.

At Day Twenty:

Send Out A Yellow Letter
As my father would say… This is the last-stop-cafe’.  So, make sure you get these out.  If you have FreedomSoft, you can pull a list of cash buyers from that.  If not, you can purchase and download one from listsource.com.  Or, you can have someone do all of it for you – the cash buyer list, the letter or postcard, the postage, the stuffing.

YellowLetterMail.com

Michael Quarles at YLM is a real estate investor.  And, the mailers he gives you are the same ones he uses in his own business!  It’s just smart to use someone like this.  And if you don’t like any of his mailers, feel free to use the one at the top of this page.  It’s straight-forward, simple and to the  point.  I like it…

Sending yellow letters or postcards is one of the absolute best ways to not only find buyers, but sellers, as well.  It’s targeted and efficient.  But, it does cost some money.  So, you need to be willing to invest a bit.  But, at this point in your contract, your back is against the wall.

Remember, all of this is conditional.  If, after ten days, you evaluate the deal and find it stinks, then you can cancel (more on this in part four).  But, if you’re convinced you can find a buyer, but you’re running short on time, sending a letter out to all of the cash buyers in your county is the best way to get it done quick.  Spending $500 to make $10,000 is a smart investment.

Andrew “The Maestro” Massaro
Founder and Coach of the most personal, direct,
hands-on and 1-on-1 wholesale coaching program
on the planet!
Wholesale Coaching, Inc.

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Posted under: Flipping Houses

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