Capitalizing on the Potential Profitability of Vacant Houses
Key Takeaways:
- Capitalizing on the potential profitability of vacant houses can be a lucrative niche for real estate investors.
- To maximize revenue, focus on tasks that only you can perform, and delegate the rest.
- This system aims to support wholesale investors in identifying and evaluating opportunities for investing in vacant houses.
- There are various reasons why houses end up vacant, and prospecting can be done by driving through neighborhoods, seeking help from postal workers and utility meter readers, or hiring bird dogs.
- Bird dogs are regular people who can drive through neighborhoods in search of vacant properties on your behalf, and you'll pay them a small fee for each lead they bring to you.
- Establish guidelines with bird dogs to ensure a successful working relationship, including only accepting qualified properties, delivering leads in a timely manner, and avoiding duplicates.
- Focus on generating revenue by contacting and negotiating with sellers, rather than doing busy work.
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