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I have 4 houses in SW Georgia with about $ 300,000 equity. But with the recent lag in home sales, I need cash flow. I’m wanting to sell the houses to someone who can afford to wait until the market rebounds. But I don’t know how to find this person. Any ideas?

5 Thoughts on How can I find potential real estate investors?
  1. Reply
    December 2, 2012 at 7:26 pm

    Try Yahoo Groups for GA real estate investors

  2. Reply
    December 2, 2012 at 8:15 pm

    i am one.
    my partners are 3 others
    –if you wish to sell today, at full price, why not get tenants in the props and sell the
    houses on land contracts at their highest market value of 18 mo ago?

    your comment, with…..I need………
    are you a licensed RE agent?

    I can guide you on how to earn more cash flow–
    it’s rather easy–buy businesses; 1 per every 2 RE props owned. Focus 1/2 your time on your
    primary biz [RE?] and 1/2 your time on the bizs you buy.

    I will guide you for a % of their equity.

  3. Reply
    December 2, 2012 at 9:05 pm

    >><< will make you an immeadate offer. Not a great offer but an immeadate offer. I had several offers the next day. I haven't taken any yet, but when things get bad enough I will.

  4. Reply
    December 2, 2012 at 9:11 pm

    I know, I know. But nobody’s buying right now unless you have a million dollar place – those are going – 100K houses are not selling at all. But a 150K house for 125K sells – you have to decide how much you can take – but if you do not sell the taxes will take you out.

    Fisbo the smallest (lowest price, I mean) house and work, work work until it is sold – then move to the next – seriously, do NOT try and do them all at once.

    I doubt you’ll find a residential investor in this market in ATL. There are few here. I just passed, this past saturday, on a 2100SqFt bi level in a fair neighborhood that needed some inside and a garage paint job – I passed at 60K.

  5. Reply
    December 2, 2012 at 9:52 pm

    Have you talked to bank about a line of credit with the homes securing the note? I would begin with financial institutions at the moment. I am actually losing my home at the end of the month due to forclosure. (Laid off from job of 5+ yrs, breast cancer, etc…) I have talked with some of these so called “investor’s” — not good. In order for them to consider the home, there really has to be a whole lot of potential $ $ for them. Obviously at this time, they might be sitting on the property for a bit, which will cost them. They need to be able to see enough in the way of equity, no real repairs necessary, desireable home & price range to consider. I think they typically are looking for people near foreclosure so that they can go try and deal with the mortgage company on the loan value. That said, they will make money on that piece of the deal + your equity, and take the risk on the time that it will take to sell. If you find someone, let me know!! I’m in ATL. Good luck

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