Broker Training and Education

You are going to discover simple steps to acquire wholesale priced real estate by learning how to find the owners of vacant houses and by calling the owners.

One of the most effective methods to locate bargain wholesale real estate deals in your particular town is to find the areas of town that are traditionally listed beneath the median price of a property and are located in working class rental neighborhoods.

Get out there on a Saturday morning and start cruising the neighborhoods.  Have a notepad in addition to a pencil and start writing down the addresses of houses that look like they are vacant, deserted, boarded up, distressed, have fire damage or whatever.  If the vacant home is ugly that is great, and when it is beat-up or run down that would be better yet.  Write the address down.

SIGNS OF WHOLESALE REAL ESTATE AND VACANT HOUSES

Here are a few of the obvious signs for distress.  Just one clue is certainly high grass around the yard.  Or perhaps, in the event you are living in a cold and snowy city and drive through a neighborhood following a snow storm, this is what you may observe.  If almost all of the residences within the town have car tracks on the driveway, and you discover a house that does not, this can be a great sign that nobody lives in the home and it might be a vacant house.

The most obvious ones of vacant houses are boarded up windows, broken windows and in some cases turned off gas meters.  There are plenty of indicators that a house is many times not lived in, forgotten or even vacant for some reason.  These tend to be the ideal property addresses to note down as you drive through areas of town and build your list of addresses.

SEARCH FOR THE OWNERS OF THE VACANT HOUSES

Once you have your list of vacant houses and abandoned or distressed property addresses, check out the local county assessor or maybe clerk and recorder site.  The best way to locate the website in your local county clerk or assessor, head to Google and type a search for your county name plus clerk & recorder and tax assessor.  Look for the real estate or perhaps property documents area and search for the address of the vacant houses on the list.

In every tax record, there is a mailing address for the owner and you have the property or home address of the house you wrote on your list.  Often they are identical however at times they may be different.  In the event the mailing address and property address match up, then your owner resides in the home.  But, if the addresses vary, then the owner does not reside in the house, therefore the house might be a rental or just abandoned.  What you are searching for is to locate the address for the owner of the property.

THESE ARE EASILY THE BEST WHOLESALE HOUSES

During my ten years of experience, the very best opportunities are real estate in which the mailing address and the property address are different and the owner lives more than 100 miles away.  These are goldmine vacant houses. Think this through, you stumble upon a vacant and abandoned house and the owner lives in another state, they will often not even even know that they own a vacant house. They may not know what is taking place.

Here is what you need to do next.  When you finally get the name of the owner and also their address, you are going to use the internet and look up the telephone number.  To do this, you are going to take their name and their street address, go to anywho.com, whitepages.com, 411.com and look up the owners contact information.  Begin to build your list of all the people that own all these abandoned, vacant houses.

PICK UP THE PHONE AND CALL THE VACANT HOUSE OWNER

The next step is to pick up the telephone and contact the owners of vacant houses.  Make the connection to the owners and begin casual conversation.  It can be more important to pay attention to determining the motivation for selling than to focus on information of the home.  Build rapport and be pleasant.  You would like to assist them clear up a difficulty.  If means you wind up investing in the house, then that would be ideal.  If it merely ends up that you are kind enough to let them know that their real estate has been deserted, well that can be just fine.

The greater relationship you generate today with as many out of state owners of distressed houses as you can, the more likely you will be to purchase a cheap houses from the vacant house owner soon.