How to Find Leads out of state
4 Replies
Kat Hughes
posted about 2 years ago
Hi!
Currently own a 3 unit property in Los Angeles Ca. I would like to find great deals in Utah, specifically small multi family homes in Syracuse and/or South Ogden. From watching a whole lot of BP webinars, I am convinced that the best way to find great deals is to find them off market and not through the MLS. Since I'm trying to invest in a different state, I can't exactly just drive around those areas and look for the properties to match their owners and send letters to. What is the best way to find leads so I can send letters out and hopefully find a great deal when I don't live in the area I want to invest in?
Cherie Orellana
from Salt Lake City, Utah
replied about 2 years ago
You can always target a specific neighborhood or area and pull up the county records and write down each neighborhood. I use the interactive parcel map when I do this. However I wouldn't be afraid of the MLS. You may want to get set up on hot sheets. I have found some of my best deals on the MLS some that have $50,000 instant equity. It is much harder but not unheard of
Casey Christensen
Rental Property Investor from Lehi, UT
replied about 2 years ago
If you havent read @David Greene book on Long-Distance Real Estate investing you should check it out. He gives really detailed steps of how to build the right team and find the right team members that will help you find the best deals, buy them for the right price and add value so that you can cash flow and build wealth. I am sure there are lots of resources but that is a great place to start in my opinion.
Kat Hughes
replied about 2 years ago
Thank you @Cherie Orellana ! I'll definitely look into that!
Kat Hughes
replied about 2 years ago
Thank you @Casey Christensen It's funny, I do have that book. But I'm currently reading 4 other books so that was kind of put on the back burner but I probably should be reading that first! Thanks for reminding me!