If you want to join the "super elite real estate investors' club," you'll need to get into tax sale investing as soon as possible. However, investing at the actual tax sale itself won't be necessary. There are tax delinquent homes for sale in your area that you don't know about - here's how to buy them for $200 or less, and you don't have to bid against other investors at the tax sale auction.
 

Success in this market takes much more than pounding a sign in the yard, placing a classified ad, posting it on a website and real estate advertising book. You could hold an open house every Sunday and still not have a successful marketing plan. There's nothing more frustrating than having your home sit on the market for 180 days only to have the listing term end with no sale, no offer, and no real understanding of what went wrong.

This method of locating properties actually qualifies Knoxville home for sale 4-5 methods. I'm mentioning it because with Google advertising, it is marketing. There's so much more to Google. You can Google anything. Think about how you could find motivated sellers, where you could market your properties, how you could build your buyers list of investors, how you could build your dream team, find local attorneys, appraisers, rehab contractors, etc. Here are a few samples of searches you could do to find all of these above...

It may seem like a small thing, but I Knoxville home for sale prefer an agent that returns calls. Leave messages with a few and see who gets back to you that day. Especially if you are selling a property you want an agent that returns calls promptly, so you don't lose a knoxville homes for sale with pool to a potential buyer.

The second step is to be honest and upfront about any defects or deficiencies in the house, or to fix those defects before you try to sell it. As a buyer, you want an honest evaluation and inspection of a home knoxville homes for sale by owner sale that interest you, so it is important to give other buyers that same respect when they are considering purchasing your home.

Once you've gotten your home value from at least two or more sources, you should be able to find an average home value to set as a listing price. You may want to run it by a lender as well, since buyers often need a mortgage and it's important that a home value and sale price be in line with a lender's estimate of its value. If the lender thinks the home is priced way too high, it's unlikely a potential buyer could get a mortgage. It's also important to be accurate and fair as to what you're asking for price wise, since studies show that homes priced more than 3% over the correct home value take much longer to sell.

But again, you're building a business and a presence, so don't expect a lot of sales or listings right out of the box. Instead, you should expect little to any immediate success from your initial mailings. Direct marketing is truly a mid to long range strategy in terms of getting listings and making sales.