What Process Do You Use For Finding Properties

Question

New to BP Forums and REI. I have been watching hours and hours of videos on this subject but I just wanted to reach out to see what has been most successful for everyone here. I have seen some people driving for dollars, but what makes a good neighborhood to target? I understand the concept of seeing a distressed house while driving, then using skip tracing to obtain the owners information and cold calling to make an offer. My question is does any one have a step by step process on what they do on a daily basis to find deals. I have a full time job but would love to spend my free time finding deals. I have read some people go on google maps to find a neighborhood they want to buy in and look at houses, then cross-reference them with Zillow to see if they have been recently sold. Would this be a good strategy? It just seems like I'm trying to drink out of a water house with the amount of information online and would love a simplified process on how to get started finding good deals.

Thank You All!

Ian Barrett · Answer

Hey Parker, I am going to PM you

Naz K. · Answer

Hey Austin, since you work full time, take a look at outsourcing your cold calling. The leads can be email to you and after work or the weekend you can followup with the seller to close the deals.  This method might be more efficient for you.

Austin Paige · Answer

Thank you for your reply

I am looking to buy and hold and BRRRR

That answers my questions though. I think Networking and cold calling will be my main focus.

Thank you again.

Jordan Moorhead · Answer

MLS

Wholesalers

Direct Mail

Cold Calling

Networking

Property Managers

Anything and everything!

Kenny Smith · Answer

@Austin Paige

First off, congrats on getting into REI!  Thats awesome to hear man.  I think you need to first figure out what it is you are looking for?

Are you looking to wholesale?

Are you looking to buy and hold and BRRRR?

Are you looking to house hack?

Are you looking to flip?

Deals can be found in MANY MANY different ways.  I think figuring out what type of property, what your budget is, what neighborhoods are good for what you're looking to do, and how much capital you need, will help determine what path you want to head down.

Other local investors, or a good investor friendly Realtor would be a great place to network/chat with.  Shoot me a DM if you're looking for a good investor friendly Realtor down in Austin.  I'd be happy to help!

Best of luck.