Previously I talked about building relationships with professionals. Today I want to talk to you about a few other neat secrets and strategies I have picked up over the year.

Let the networking begin….

Department Of Code Enforcement & Inspections

Every area will have a local Department of Code Enforcement and Inspections. They will condemn properties and write up properties that have violated the local laws and property codes. You want to build a relationship with these code enforcers because they can be a huge asset to your real estate network. They will know all of the properties that are perfect for wholesaling in your area. They are the ones who write up vacant properties because their grass is too tall, or a property that has the roof falling down and is a hazard to society. They will also write YOU up and come after you if you put your bandit signs all over town. It is considered vandalizing and loitering. So be careful where you put your signs because you want to get on code enforcements good side, not on their bad side.

The Bearers Of Bad News – Process Servers

Process servers bring the bad news to many people. But if you are on their side they will bring you good news and good leads. Processes servers are people who serve legal documents to properties that are going to be foreclosed on and properties that require the tenants to be evicted among many other things. If you have a few process servers in your network you learn about properties before they go on the market.

Insurance Companies

You must set yourself ahead of your competition by aggressively marketing and building relationship with professionals like insurance companies and agents. When you have insurance agents in your network you will be able to find out about properties that can’t be insured. Some of these properties might not be insured because of extensive fire damage, horrible condition because of mold or flood damage.

The property may be a hazard and nuisance to the insurance company and the owner but to you it is a goldmine with a motivated seller. The person who owns the property will most likely want to move out and you can help them and make a healthy profit in the process. These properties will need extensive repairs but there will be a lot of room for profit if done properly.

In part 3 of my Finding Deals - Building Relationships series I will give you a few more strategies that will set you far apart of your competition.

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