I always get asked “how do I find cheap real estate investor leads“?
Until you learn to market, your business will never run at the highest level because you won’t have all the real estate investor leads you need. Here’s some sources of FSBO leads, but you’ll also find foreclosure leads, bankruptcy leads, and more.
Once you have substantial $ coming in you can leverage online techniques like pay per click (ppc) and pay per view (ppv) as well as mailings, radio, and SO much more to get your investor leads. You can even hire a marketing pro or company to do it FOR you! Until then, you need leverage as well as low cost lead sources…
Here’s the lowest and MOST EFFECTIVE real estate investing lead sources I’ve found. Any of the three are around or less than $50 a month and will get you a LOT of leads. We use all three of these in our business. You may want to do what we do and get them all. (consider hiring someone to email or call them daily for you!)
By Owner Leads Daily… Get emailed ALL of the new FSBO leads in your area daily… and get the last 3 months of them as a bonus when you join. You should call, email, and mail postcards to all of them, every day! I negotiated a lower price than their “usual” fee for our members. (which was REAL low to start, lol) The first “area” has a base cost, then it’s a few dollars more for each. We got 5 areas for around $40.00. Crazy!
http://www.realestateinvestoronline.com/fsboleads
Nationwide Foreclosure and Other Leads… One of the lowest nationwide real estate investor lead sources we’ve found. They are always adding leads to the database, and you get something like 36,000 leads the day you join! We’ve used this service ourselves for close to 4 YEARS. You just won’t find a better, more up to date list of nationwide deals anywhere for this cheap.
http://www.realestateinvestoronline.com/invleads
Craig’s List Leads… Our newest “find” is this software that searches Craig’s List HOURLY and finds everyone selling a house (or even renting) and automatically sends them a message from you. I’ve seen these before for $400-$500 and never gave them a try until now. (because this one’s cheap for a change… and works!) You can even use it to message people who are “buying” houses and send them to a website to get on your buyers list. (and you can use for loads of things outside of real estate, so get creative!) Message every seller anywhere in the country as soon as they post.
http://www.realestateinvestoronline.com/clposter
I highly suggest you grab one or all three of these tools. It’s less time and hassle than hanging bandit signs, easier than cold calling, and absolutely targets the people you’re looking for!
In addition, click here for an interview I did for Nate Kennedy… “How to Find Leads for Under $50 a Month”… it’s a great chat and will help a lot!
CALLING these lists is not the easiest, but the most effective. Second best is mailing them an email (or better yet, a letter or postcard) then calling them immediately when they reply…
Have fun!
Nick
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