where to find deals?!

Question

Hi guys new to this, been researching rental properties as an investment for a while now, working on my credit, saving for a down payment, watching YouTube videos and what not. I've been talking to realtors around my area but still have yet talked to a lender. i live in California so that's out of my budget (prefer elsewhere). where do you guys see potential cash flow deals at? do you guys use a specific site? other than Zillow and realtor, I feel like they never show fixer uppers.

Michael Haas · Answer

Having your ducks in a row so you can buy quickly and cleanly, then working with investor-agents, lenders, and wholesalers is the best way I know of to find deals. As an agent we connect with a lot of "tire kicker" investors, so if you're a clear communicator, decisive, and ready to go and can demonstrate that to us we will bring you deals. Remember, deals are in high demand, so if you want Agents, Lenders, and Wholesalers to bring you deals you should be asking THEM what you can do to help their business, not asking for them to help you in your business. This is so counter to most of our interactions (where the buyers / client is focused on me me me) that I guarantee it will make an impression and you will be remembered.

Good luck, and if you're open to ADUs / DADUs / HouseHacks / Airbnbs / Multifamily / Subto / Wraps / Development Opportunities in the Seattle market send me a DM, I'll add you to our email list! Cheers,

Alfath Ahmed · Answer

Hey Saul, I recommend looking into the Columbus market. It is a now a huge tech hub in the midwest. Some like to call it the "Seattle of the Midwest". The Columbus market is known for it's strong appreciation factor, low taxes, and also because it is a land-lord friendly state.

I can connect you with a lender that can do a 15% investment loan.

Eliott Elias · Answer

Cash flow is created when the ratio of purchase price to rents in an area is good. Most major cities in the US do not come anywhere near cash flowing. You will have to target secondary and tertiary markets.

Jaron Walling · Answer

You CAN FIND opportunities on the MLS. That's the reason we target distressed properties. It's a ton of work to remodel stuff but the outcome is more than worth it.

Saul Nev-z · Answer

thanks def going to keep searching on there. appreciate the straightforward answer.

Saul Nev-z · Answer

that's why i think the apps i use to view properties are no good, like Zillow and realtor those are properties that are ready to sell and fixed up, so they are asking premium prices, well that's been the case for every city I've searched for. (all major cities)

Sam McCormack · Answer

To be specific, midwest. Highly recommend there. If you would like I can connect you with a couple mortgage brokers I work with

Angela Martinez · Answer

Hi Saul, when I'm specifically searching for a fixer-upper, I usually use Zillow's keyword feature. I enter "Contractor special" or "TLC," and that typically helps me find fixer-upper properties.

Lisa H. · Answer

Following....I too am in California and I simply don't have the capital to invest here.  I'm looking for areas that have a decent cash flow with potential for equity growth.  I know.....don't we all. lol.

where to find deals?!

Most Popular Reply