Real Estate Investing - Plan for Selling - Or, lack thereof

Thank you, Elaine, for your comments about my plan.

In an earlier post I wrote about my plan of action to get started in Real Estate. Elaine pointed out that I did not list a plan for selling my houses after I find the deals and get the deed. I must admit this area is a little murkier than my marketing plan.

My current plan is to sell houses on Ebay as agreement-for-deed or lease-option deals. This has worked very well for Drew Perry. I attended I conference where he taught his techniques for selling houses on an Ebay auction in as little as 7 days. The process seems simple and fast. There is some risks. Drew has found that some people make back out after winning the auction and he has to re-list.

I'm also planning to advertise locally with neighborhood signs to increase local interest in the house. All signs will have a selling website name that links to my Ebay auction(s). Drew even suggested buying a seperate domain name for each house: www.112MainSt.com.

I hope that selling on Ebay is as easy for me as it has been for Drew. If it is not, I will have to learn some new skills quickly. With that said, I have decided to begin to find and make deals NOW. I do not have all the skills I need to succeed in this business, but I will learn as I go. I don't want to make the mistake of thinking that I need to have a perfect plan before I start to act. So, I'm jumping in with both feet, not yet knowing where I'm going to land. Wish me luck!