How to Find Properties Ideal for Double Closing? - PowerPoint PPT Presentation

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How to Find Properties Ideal for Double Closing?

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A double closing can help manage this issue, as it handles each transaction separately. Finding suitable properties for double closings can be challenging but rewarding. Here are some tips and strategies for identifying ideal properties for double closing deals. – PowerPoint PPT presentation

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Title: How to Find Properties Ideal for Double Closing?


1
How to Find Properties Ideal for Double Closing?
  • One common obstacle in real estate wholesaling is
    balancing relationships with the original seller
    and your buyer. A double closing can help manage
    this issue, as it handles each transaction
    separately. Finding suitable properties for
    double closings can be challenging but rewarding.
    Here are some tips and strategies for identifying
    ideal properties for double closing deals.
  • Underpriced or Distressed Properties
  • Long Market Time Search for homes that have been
    on the market for a long time or have been taken
    off the market because they havent sold.
  • Vacant or Neglected Homes Look for homes that
    are vacant or neglected.
  • Default and Foreclosure Search public records
    for homeowners in default, facing foreclosure, or
    with liens or judgments against their homes.
  • Cosmetic Repairs Properties needing minor
    cosmetic repairs can be excellent double closing
    candidates. These are often sold at a discount
    but can be quickly improved to increase market
    value.
  • High-Demand Locations
  • High-Demand Areas Properties in high-demand
    areas are more likely to attract buyers quickly,
    which is essential for a successful double
    closing.
  • Urban Areas Urban properties, especially in
    areas undergoing gentrification, can be in high
    demand and offer significant profit potential.
  • School Districts Homes in reputable school
    districts tend to sell faster and at higher
    prices.
  • Direct Mail Campaigns
  • Direct mail campaigns can effectively reach
    property owners interested in selling.
  • Targeted Lists Purchase lists of homeowners in
    specific situations, such as those facing
    foreclosure or properties in disrepair. Sending
    targeted mailings can generate leads for
    potential double closing deals.
  • Personalized Letters Craft personalized letters
    addressing the recipients situation and offering
    a quick, hassle-free sale.
  • Auctions and Foreclosure Sales
  • Foreclosure Auctions Attend foreclosure auctions
    to bid on properties sold by lenders. These
    properties are often sold at a discount, making
    them ideal for double closing.

2
  • Tax Lien Sales Properties with unpaid taxes are
    often sold at tax lien sales, providing an
    opportunity to acquire properties at a fraction
    of their market value.
  • Online Real Estate Platforms
  • MLS Listings The Multiple Listing Service (MLS)
    is a valuable resource for finding newly listed,
    underpriced, or distressed properties.
  • Real Estate Websites Websites like Zillow and
    Redfin offer tools to filter properties by
    various criteria, making it easier to find
    suitable properties for double closing.
  • Driving for Dollars
  • Driving through neighborhoods to identify
    distressed properties, known as driving for
    dollars, can be an effective strategy.
  • Distressed Properties Look for signs of
    distress, such as overgrown lawns, boarded-up
    windows, or neglected maintenance. These
    properties may be owned by motivated sellers
    willing to sell at a discount.
  • Vacant Homes Vacant homes can be prime
    candidates for double closing. Note the addresses
    of vacant properties and research the owners to
    make direct contact.
  • Final Words
  • Executing a double closing can lead to
    significant profits. Finding appropriate
    properties involves leveraging market insights,
    networking, and focused efforts. If youre
    looking for a transactional lender for your
    upcoming double closings, contact DoubleClose.com
    today. With our transactional funding, investors
    can secure the necessary funds quickly, allowing
    them to capitalize on time-sensitive
    opportunities.
  • Author Bio
  • The author serves as a transactional lender for
    real estate wholesalers nationwide, facilitating
    deals ranging from under 1 million to larger
    sums. Obtain 100 transactional funding for your
    next deal with no upfront expenses. For
    additional information, visit https//www.doublecl
    ose.com/.
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