Deal finding strategies

[Shannon Richardson]

I'm having a difficult time finding good deals to begin investing in. I'm looking for a buy and hold, multifamily property but have not had much luck making the numbers work so far.

My question is, is it a better strategy to hire an agent to find a great deal, use online resources such as zillow or trulia, or perhaps seek out off market properties via driving for dollars/etc.?

[Ivan Guillen]

Hey @Shannon Richardson congrats on deciding to start your RE investing journey! Not sure where you are looking to invest, but being a broker in Indianapolis and having several connections in the industry we tend to receive a lot of off-market deals to send out to our clients. 

I would recommend working with a true investor friendly broker. Vet them first to make sure they are qualified to assist you on your search, and make sure you guys are a good fit. A broker should be able to facilitate the process, and take some of the weight off your shoulders. Zillow and other online sources can be great as well. Check out the FSBO on Zillow and start giving them calls. Another strategy, is calling "for rent" signs and see if the owner is willing to sell the property. Anything and everything is for sale when negotiated correctly, so don't be afraid to reach out because the worst they can say is "no."

Good luck and wish you the best!