http://www.postlets.com/res/1207279
Click the link above to check out the the latest '11 Day Sale' open bid sale coming up this weekend. Unfortunately there's a tropical storm rolling over the top of VA Beach today and tomorrow.
In fact, I watched the poor guy from weather channel take a beating from the wind & rain while broadcasting live from the pier in VB while I ate breakfast this morning.At least visitors to the auction will get an idea of how the yard drains water and whether or not the roof leaks!
We've got some blurry photos of the property on www.11daysale.net as well.
Working the VA Pipeline
With my acquisitions manager following up on the leads generated earlier in the year, we are starting to stack up some purchases. Between the two of us we have been able to negotiate:
- one successful quick wholesale deal on a condo in Chesapeake,
- get a recently rehabbed property (no repairs necessary!) under contract
- Made a follow up call to one of our previous auction success stories in Portsmouth and got a commitment to hold an 11 Day Sale in October.
One of the challenges of starting from scratch here in CA is building a pipeline of sellers and a list of potential buyers. I am mailing about 2,000 postcards a month and am getting about a 3% response rate so far. I am filling the pipeline with people who are in various states of motivation as far as selling their homes. I have talked to 3 investors that own multiple properties in the area.
- One owns 30 propts and he wants to sell 6 of them in the next year.
- Another has 17 properties and is a lot more motivated to sell by the end of the year.
- The third owns two 4-plexes and a single family dwelling (currently in litigation) that I will continue following up with until he "buys or dies"
Thanks for stopping by!
-Taylor
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