3 Strategies for Creating Inventory

Whether it be through direct mail, cold calling, or even walking through trending neighborhoods, sometimes as an investor, you need to go straight to the source. Direct mail marketing is a huge asset when it comes to sourcing inventory. Reaching out to potential sellers directly in hot markets may lead to a conversation about a cash or investment offer. If they are not interested or able to sell their home, they may know of properties nearby that could use some love.

Additionally, contractors in the area may know of properties near by. If they don’t have any in mind, they can keep an eye out for leads, especially if they know you’re trying to make an investment that would bring them steady work. Partnering with other professionals in the real estate market, specifically in trending neighborhoods you’re going after will give mutually beneficial results. Neighbors can be surprisingly helpful when they realize you care about restoring properties around them, helping their home values and neighborhood quality.

While many investors may be stuck using public domains like Zillow and Redfin, you have a network built around you. At Renovo we can help build your connections with our circle of success. We have a network of vendors, brokers, contractors, and real estate professionals that you have access to once you become a Renovo client. You should also have access to a national or regional listing service. The information hits these services hours and sometimes even days faster than it hits public access. With all of these contacts, there’s is a huge untapped market for finding inventory.