Finding Deals - How It's Done

Buying & Selling Real Estate
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Finding Deals - How It's Done

Account Closed
Investor · Nationally · Member since 2023 · 1k+ posts · 854 votes

Go with the Finding Deals and "Buy Off Market", using "Subject To" selling on "Lease Option" (BOMSTLO) format.  No property manager needed, no repairs or mantenance.

The cash flow is great and you get the "down payment" up front. 

Columbus OH & Indianapolis IN are great markets for this (Not TX or WA) but try MS, AL, AR, even LA, GA & FL. If you want help on the (BOMSTLO) method, leave a question and let's get going. You could do this in TN, NC and FL and it'd work there too.

Without (BOMSTLO) "Buy Off Market", using "Subject To" selling on "Lease Option" (BOMSTLO) , You're working too hard. ;-)

Folks in CA & San Diego, Socal, have no idea what they are missing and they are overthinking things too. Things you need to know and are taught if you are interested. Ask your questions.

Subject To
Finding Sellers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Due On Sale Insurance

.

Marketing
Mailers
KPIs
Skiptracing
SMS
County Records
Scripts
Cold Calls
Meetups
Charts
Tracking Leads


Comps
ARV

Redfin
Zillow
Realtor
Propstream
MLS

How To Comp

Wholesaling
Acquisitions
Dispositions
Assignments
Finding Sellers
Finding Buyers
Contracts
How Transaction Flows
Problems
Solutions

Seller Financing
Finding Sellers
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls

Financing
HML
Private Money
Gap Funding
Bridge Loans
Credit
Bank Lending
SDIRA / 401(K)

Exit Strategies
Lease Options
Land Contracts
Wraps
STRs
Rentals
Residence

Fix & Flips
Contractors
Inspections
Zoning
Permits
Best Use

Probate
Paperwork
Process
What to expect
Timeline
Personal Representative
Buying Properties
Marketing

Lease Options
Finding Buyers
Structuring
Negotiating
Contracts
Processes
Structure
Paperwork
Agreements
Disclosures
Pitfalls
Recording
Escrow
Insurance
Setting Prices

.

Pre-Foreclosures
Pre-Foreclosure Websites
Marketing
Methods
Contracts
Prcesses
Legal
Sources
Problems
Solutions


Analysis Paralysis
Getting Started
Deciding Direction
Local Vs Out of State
Having A Website
Selecting A Market
Neighborhoods
Crime

Buying a Property
Location
Type
Exit Strategy
Mortgage
Maintenance
Escrow
Sources
Good Deal
Comps
Contracts
Negotiating
Making Offers

Rentals
Landlord
Rent Rates
Rental Checklist
Rentometer
Tenants
Security
Cap Ex
Reserves
Maintenance
Taxes

STRs
Acquiring
Location
Financing
Numbers
Furnishing
Cleaning
Permits
AirBNB
VRBO
Atmosphere
Vacation
Travel
Biz

MLS
Dealing With Agents
Leads
What To Look For
Expireds
Limitations

Buying – General
Negotiations
Appraisals
Contracts
Escrow

Title
Escrow
Insurance
Closing
Liens

Multifamily
Cap Rates
Cash Flow
C On C
Locating
Inspections
Rent Rolls

Joint Ventures
Partners
Partnerships
Joint LLCs
What To Know
What To Avoid
Set Up
Goal

Spreadsheets
Figuring Deals
Tracking Leads
Sorting Data
Creating Labels

Systems & Procedures
Procedures
Resources
Hired Help
Finance
Team
Goals

Taxes
1031 Exchange
Depreciation
Dealer Status
Investor Status

Asset Protection
LLCs
Operating Agreements
Insurance

Deeds
Contracts
Ownership Transfer

Land
Locating
Selling
Acreage
Tax Deeds

Legal
Lawsuits
Things To Avoid
Attorneys

Lending
Becoming a lender
Contracts
Notes
Deeds
Assignments
Performing
Non-Performing Notes

Wraps
Contracts
Payments
Payoffs
Insurance

REOs (Bank Owned)
Short Sales
Auctions

Videos
Best
Basics
Sources

1Reply
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5 Replies

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  • Peter Tomeczko
    Real Estate Broker · Elmwood Park, IL · Member since 2020 · 55 posts · 32 votes
    2y

    @Billy S.

    As a realtor/investor I come across this alot in Illinois from the sellers willing to work out a deal. So yes, Illinois is a good place to do it also. I think any place is, it all comes down to the owner/seller and what they are looking to do.

    I know a few off market deals if interested feel free to msg me.

    Peter

    0Reply
  • Account Closed
    Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    2y
    Quote from @Account Closed:

    Go with the Finding Deals and "Buy Off Market", using "Subject To" selling on "Lease Option" (BOMSTLO) format.  No property manager needed, no repairs or mantenance.

    The cash flow is great and you get the "down payment" up front. 

    Columbus OH & Indianapolis IN are great markets for this (Not TX or WA) but try MS, AL, AR, even LA, GA & FL. If you want help on the (BOMSTLO) method, leave a question and let's get going. You could do this in TN, NC and FL and it'd work there too.

    Without (BOMSTLO) "Buy Off Market", using "Subject To" selling on "Lease Option" (BOMSTLO) , You're working too hard. ;-)

    Folks in CA & San Diego, Socal, have no idea what they are missing and they are overthinking things too. Things you need to know and are taught if you are interested. Ask your questions.

    Subject To
    Finding Sellers
    Structuring
    Negotiating
    Contracts
    Processes
    Structure
    Paperwork
    Agreements
    Disclosures
    Pitfalls
    Recording
    Escrow
    Due On Sale Insurance

    .

    Marketing
    Mailers
    KPIs
    Skiptracing
    SMS
    County Records
    Scripts
    Cold Calls
    Meetups
    Charts
    Tracking Leads


    Comps
    ARV

    Redfin
    Zillow
    Realtor
    Propstream
    MLS

    How To Comp

    Wholesaling
    Acquisitions
    Dispositions
    Assignments
    Finding Sellers
    Finding Buyers
    Contracts
    How Transaction Flows
    Problems
    Solutions

    Seller Financing
    Finding Sellers
    Contracts
    Processes
    Structure
    Paperwork
    Agreements
    Disclosures
    Pitfalls

    Financing
    HML
    Private Money
    Gap Funding
    Bridge Loans
    Credit
    Bank Lending
    SDIRA / 401(K)

    Exit Strategies
    Lease Options
    Land Contracts
    Wraps
    STRs
    Rentals
    Residence

    Fix & Flips
    Contractors
    Inspections
    Zoning
    Permits
    Best Use

    Probate
    Paperwork
    Process
    What to expect
    Timeline
    Personal Representative
    Buying Properties
    Marketing

    Lease Options
    Finding Buyers
    Structuring
    Negotiating
    Contracts
    Processes
    Structure
    Paperwork
    Agreements
    Disclosures
    Pitfalls
    Recording
    Escrow
    Insurance
    Setting Prices

    .

    Pre-Foreclosures
    Pre-Foreclosure Websites
    Marketing
    Methods
    Contracts
    Prcesses
    Legal
    Sources
    Problems
    Solutions


    Analysis Paralysis
    Getting Started
    Deciding Direction
    Local Vs Out of State
    Having A Website
    Selecting A Market
    Neighborhoods
    Crime

    Buying a Property
    Location
    Type
    Exit Strategy
    Mortgage
    Maintenance
    Escrow
    Sources
    Good Deal
    Comps
    Contracts
    Negotiating
    Making Offers

    Rentals
    Landlord
    Rent Rates
    Rental Checklist
    Rentometer
    Tenants
    Security
    Cap Ex
    Reserves
    Maintenance
    Taxes

    STRs
    Acquiring
    Location
    Financing
    Numbers
    Furnishing
    Cleaning
    Permits
    AirBNB
    VRBO
    Atmosphere
    Vacation
    Travel
    Biz

    MLS
    Dealing With Agents
    Leads
    What To Look For
    Expireds
    Limitations

    Buying – General
    Negotiations
    Appraisals
    Contracts
    Escrow

    Title
    Escrow
    Insurance
    Closing
    Liens

    Multifamily
    Cap Rates
    Cash Flow
    C On C
    Locating
    Inspections
    Rent Rolls

    Joint Ventures
    Partners
    Partnerships
    Joint LLCs
    What To Know
    What To Avoid
    Set Up
    Goal

    Spreadsheets
    Figuring Deals
    Tracking Leads
    Sorting Data
    Creating Labels

    Systems & Procedures
    Procedures
    Resources
    Hired Help
    Finance
    Team
    Goals

    Taxes
    1031 Exchange
    Depreciation
    Dealer Status
    Investor Status

    Asset Protection
    LLCs
    Operating Agreements
    Insurance

    Deeds
    Contracts
    Ownership Transfer

    Land
    Locating
    Selling
    Acreage
    Tax Deeds

    Legal
    Lawsuits
    Things To Avoid
    Attorneys

    Lending
    Becoming a lender
    Contracts
    Notes
    Deeds
    Assignments
    Performing
    Non-Performing Notes

    Wraps
    Contracts
    Payments
    Payoffs
    Insurance

    REOs (Bank Owned)
    Short Sales
    Auctions

    Videos
    Best
    Basics
    Sources

    I'm into "off market", It is interesting more people aren't using this technique.
    0Reply
  • John Gillick
    Investor · San Diego, CA · Member since 2016 · 35 posts · 21 votes
    2y

    "Folks in CA & San Diego, Socal, have no idea what they are missing"

    Did I miss some context?  Why this specific call out?

    0Reply
  • Account Closed
    Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    2y
    Quote from @John Gillick:

    "Folks in CA & San Diego, Socal, have no idea what they are missing"

    Did I miss some context?  Why this specific call out?

    Because creative finance can be done in any market. It's just different numbers.
    0Reply
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