Where To Find Non Listed homes

Question

Where is the best place to locate non listed homes with rents around $1,495

Bo Smith · Answer

Yeah honestly I've found more success targeting burnt out landlords than hunting specific rent numbers. Like when you see those "for rent by owner" posts that have been up forever, or places that keep dropping the rent every few weeks - those owners are usually way more motivated to just sell and be done with it. Are you seeing a lot of tired landlords in your area lately?

Kelly Roberts · Answer

Hey Michael, here are a few places that come to mind other than wholesalers:

-Local REI Facebook Groups and FB Marketplace

-Online wholesaler marketplaces like InvestorLift

-Sheriff's sale or in person auctions

-Online auctions such as auction .com, Xome, Hubzu, HomeSteps (Freddie Mac), HudHomestore, Realtybid, HudHomesUSA

-Craigslist

Ryan Rominger · Answer

Homes in that rent range usually don’t stay unlisted for long, so they’re often found through local agents, investor groups, and property managers who know upcoming availability. Some Realtors (myself included) will share off-market or pre-market opportunities through email lists before they hit the public sites. Getting connected locally and staying in touch tends to surface those deals first.

Rhett Tullis · Answer

Us investors want to pay bottom dollar and then sell for above market rates!  Aren't we great to work with!

Michael Ewers · Answer

The tired landlords I've dealt/heard with, unfortunately have '21 prices so numbers are not in my favor. Doesn't hurt to follow up with those landlords, they always come back around

Rhett Tullis · Answer

If you are looking to buy in the metro having a great PM with a pulse on the market helps.  We see owners looking to sell, wholesalers giving us leads and stuff on the mls as it comes.  I would say that the 1400 plus range in okc is a smaller part of our rental market overall than you see in other metros (about 7k units for rent right now , less than 1/2 are over 1400 only 1200 of them are listed for 1800plus) so watch your numbers close on rents overall rents are stable or a bit down in the metro and if interest rates make a drop it will put loan payments on some of those homes about the same as the rent that some folks are trying to get.

Michael Ewers · Answer

Appreciate the information! I've been seeing an increase on their prices as well.

Rhett Tullis · Answer

they generally email us leads (although alot of theirs are overpriced now in my opinion) over the years we have built connections with quite a few.  You might try a search and fill out all the forms you can on their sites they will be happy to add you.

Michael Ewers · Answer

Thanks Rhett. For the wholesalers, are they calling your office or marketing themselves? Where can I locate wholesalers that have OKC houses under contract?

Where To Find Non Listed homes

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