Updated almost 5 years ago on . Most recent reply
Columbus, OH Deal Finder
Hey Bigger Pockets Community,
As I am analyzing the Columbus, OH market I had the thought "I wonder if there are investors that are in need of deal finders to find and bring them properties that match their investing criteria"?
A goal of mine this year is to purchase my first Buy and Hold Investment in Columbus, OH. I've read in multiple books that some investors got started with finding investors deals and am not scared to start somewhere.
I've been building my "practice" analysis everyday with strict criteria and putting the information into spread sheets similar to whats mentioned in the book " Bidding to Buy: A Step-By-Step guide to investing in Real Estate Foreclosures". I found a few property analysis tools separate from BP and developed a system to tell of it's a good deal or what the price would need to be for it to match my criteria.
If there is an investor looking for someone to send them qualified investment properties I'd love to start working.
Be blessed.
Most Popular Reply
If you can locate and "lock up" deals by flipping the contract, its just wholesaling. FYI, the Columbus market is being absolutely pounded by wholesalers, I have gotten 4 calls already this morning and its not even noon. However there are probably buyers ready to buy up anything they manage to turn up.
As for foreclosures, a few years ago it was like being a kid in a candy store, and sitting down to do analysis all day on the foreclosures coming up was possible. However now they are far more rare, and likely to get scooped up before it even hits the auction. If it actually does make it to auction, it will be bid up much more aggressively than in the past.
Not trying to discourage, what you are doing is 100% awesome and analyzing deals is extremely important. However the deals aren't sitting around in the open as much anymore, and the few that do pop up have 1000s of eyes on them as soon as the lis pendis is filed.. Today's market needs new approaches, the stuff that worked 2009-2013 doesn't work as well anymore unfortunately.