9 replies
Hi guys,

So I've decided to try and do some real estate arbitrage connecting buyers and sellers for a finders fee. I've been doodling around on Craigslist but ehhh, not a good time. I need some ideas of where would be a good place for advertising and what kind of target markets are good. I'm starting from zero on this one i.e no budget. Any cool ideas to share?
#estate #leads #real
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  • Profile picture of the author Charlotte Jay
    Hi Guys,

    I'm doing some real estate arbitrage connecting buyers and sellers for a small finder's fee. I want to do these from scratch with zero budget (I want to make it into a WSO). Where would you suggest I find good leads other than Craigslist (yuck).
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    • Profile picture of the author JohnMcCabe
      You may want to try scanning, for lack of a better word, legit classified ads, like the online ads offered by actual physical newspapers.

      Look for three things:

      > FSBO, or For Sale By Owner, listings, especially if you see hints of desperation. Ad has been running for awhile, price drops, phrases like 'motivated seller' or 'owner financing available.'

      > Realtor ads using the same 'desperation' language.

      > You might find buyers by looking for those "we buy ugly houses' type ads, typically placed by investors and flippers.

      Sometimes you can find sellers via public records - people behind on their mortgages, or not paying property tax, etc.

      Banks are another possibility -- banks do not want to be in the real estate business, and may offer a referral fee for bringing legit buyers of bank-owned property.

      TL;DR version: Look for people eager to sell due to life situations, and people who buy multiple properties who are always on the lookout for opportunities.
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  • Profile picture of the author TrafficFlow
    In most states you cannot enforce a finders fee agreement unless you are a licensed real estate agent. So that is the risk you take.
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    • Profile picture of the author Charlotte Jay
      Oh did not know that, thank you, I'll do some investigating on it.
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  • Profile picture of the author ohio1975
    have you checked the local Real Estate Investor organization? they may have newsletters, often have open houses, and other networking opportunities.
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  • Profile picture of the author Steven Henry01
    You have need to post your ads on the local classified websites i.e. targeted country is USA then post ads on the usa classified & business listing websites. There are more websites i.e. manta, yelp, locanto, hotfrog etc.
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  • Profile picture of the author ZuReviews
    Ringless voicemail for Geofarming. Buy a list of homeowners and have the agent leave a message in there voivemail introducing himself..
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  • Profile picture of the author sojibjoy07
    You can try facebook & google ads.
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