As an investor, one of the people you’ll be dealing with most often is arguably the seller. During the buying process, there are steps you’ll want to avoid to ease the process and become a more effective investor.
Let’s start with concentrating too much on non-sellers, for example. You’ll want to focus your efforts on a seller who may have a distressed property or the owner is motivated to sell it. Perhaps the property was an inheritance or due to relocation, they no longer wish to manage it.
Make sure to change up the pitch. It’s imperative that you follow up to increase the chances of getting the money. To do that, you don’t want to stick to the same tried and true message each time like constantly asking the seller if they are interested in selling. Instead, consider getting creative with your approach such as sending a birthday card.
You’ll want to avoid making it obvious that the price is all you care about. While a good deal is a major priority, it doesn’t allow you to build up a rapport with the seller. Sometimes, having a good relationship with the seller can give you the advantage when there are other investors interested in the same property.
This update is by hard money lenders Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on a hard money lender Orange County or a mortgage broker Orange County, please call 954-816-0388 or fill out our application.