Preferred Method for Finding Off Market Deal

[Bethany Baroody]

Hey everyone, I’m a new investor and am wondering what’s everyone preferred method for finding off market deal (ex. knocking on doors/calling/writing letters to owners). For your preferred method- what do you normally say or how do you go about it? Thanks!!

[Joshua Janus]

Quote from @Bethany Baroody:

Hey everyone, I’m a new investor and am wondering what’s everyone preferred method for finding off market deal (ex. knocking on doors/calling/writing letters to owners). For your preferred method- what do you normally say or how do you go about it? Thanks!!

If you want to find the deals directly, you'll need to go out and prospect the sellers and see who would entertain an offer. I do this through cold calling, texting, emailing and whatever it takes to find a deal. If you do this on a consistent basis you will find deals as it is just a numbers game in the end.

Get as much information from them on the first call as you can. Here is what I try to gather:

notes on owner / owner motivation

units / beds / baths

price range

Save email / phone #

price?

Lease price, structure, length and longevity of the current tenants

Condition of the capex items including the roof, structure, water tank, furnace, ac, appliances etc.