Off Market Deals

Fayetteville, Arkansas
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Off Market Deals

Rachel Seymour-Newton
Member since 2023 · 11 posts · 14 votes

Hi there, I have been looking into getting my first investment property. Im interested in getting an off market deal, but want to learn more about it. What would be the best way to get started in looking into off market deals. How do those work? Pros/Cons? Anyone have any resources?

Thanks in advance!

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Jeff Ahern
Rental Property Investor · Fayetteville, AR · Member since 2018 · 1 post · 1 vote
2y

Join us for the NWA BP meet up 6pm Nov 13 at the courtyard Marriot in Fayetteville off Van Ashe.

Relaxed mixer style environment where you can meet investors, agents, and contractors.

A lot deals come out of building relationships here.

Hope to see you there.

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  • Malcomb StapelPro Member
    Investor · Topeka, KS · Member since 2020 · 669 posts · 488 votes
    2y
    Quote from @Rachel Seymour-Newton:

    Hi there, I have been looking into getting my first investment property. Im interested in getting an off market deal, but want to learn more about it. What would be the best way to get started in looking into off market deals. How do those work? Pros/Cons? Anyone have any resources?

    Thanks in advance!


    Are you planning on investing in Fayetville? That's a pretty hot market from what I understand. Regardless, you could hit up your local REIA and get the word out to local agents and wholesalers and start getting on their buyer lists. Be VERY careful about using ARV's from unvetted sources.

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  • Rachel Seymour-Newton
    OP
    Member since 2023 · 11 posts · 14 votes
    2y

    Hi Malcomb! 

    Thanks for your response. I am planning on investing in towns north of Fayetteville (Bella Vista, Centerton, Pea Ridge). I don't plan on using ARVs. I have hit up some agents, but they all just sign me up for their OneHome (or other MLS notifications) and I don't feel like I'm getting anywhere with those. I check them consistently, but not much changes and I feel like there must be some other way that people are buying and selling. Am I unreasonable to think this?

    2Reply
  • Malcomb StapelPro Member
    Investor · Topeka, KS · Member since 2020 · 669 posts · 488 votes
    2y

    @Rachel Seymour-Newton there are definitely other sources for leads, which is why I mentioned hitting up a REIA and networking.

    0Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    2y

    @Rachel Seymour-Newton
    If you want to buy off-market deals network with wholesalers and agents in your market that source the deals you are looking for so you can get access to those opportunities. If you want to find those deals yourself thats a lot more time-intensive work. Most people either cold call, do mailers, or direct texting. In my opinion, the best method is to smile and dial

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  • Yogev Lifchin
    Specialist · Krakow, Europe · Member since 2019 · 87 posts · 25 votes
    2y

    Over the past three years, I’ve been using most of the major off-market techniques.

    One standout method has always been pulling data and feeding it into a call center to generate off-market leads. In my opinion, this is much more effective than texting, which often feels like a constant game of cat and mouse with phone carriers. It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options. That said, expect to deal with a fair amount of fluff leads.

    The two best strategies I’ve found are inbound methods: direct mail and Google Ads.

    Direct mail can be expensive, but it can also yield highly discounted properties.

    Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting. However, it does demand solid digital marketing expertise to see positive results. These days, I’m all in on Google Ads.

    One last thing is to start working with PROFESSIONAL wholesalers (emphasis on PROFESSIONAL). These are reputable people who stand behind the properties they find and are reliable for ensuring a smooth transaction.

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  • Jeff Ahern
    Rental Property Investor · Fayetteville, AR · Member since 2018 · 1 post · 1 vote
    2y

    Join us for the NWA BP meet up 6pm Nov 13 at the courtyard Marriot in Fayetteville off Van Ashe.

    Relaxed mixer style environment where you can meet investors, agents, and contractors.

    A lot deals come out of building relationships here.

    Hope to see you there.

    1Reply
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