Finding below market value properties and closing the deal

[Sean Gallagher]

I've been working with an re agent in hopes to find a property below market value with good investment potential to hold onto for a little bit then rent out.  It seems that the really good deals, certain people have first dibs on them?  Like whats the best approach in finding a deal?  It seems that us investors are in a war with who is going to snag the deal first.  Competition seems to make things that much harder...

[Kyle B.]

@Sean Gallagher, I've been experiencing the exact same thing you have. Anything on the MLS seems to be priced to high to purchase (flip in my case) or if it is priced right, gets bid up by investors. I still get listing sent to me but now focus almost entirely on off market properties. I spend a lot of time generating and researching these leads, but the key is no competition from other investors. I haven't been doing it long enough to be 100% confident it is a sustainability business model, but it has worked out well so far. And I know there are others much more experienced on here that have used off market properties to build a sustainability business model. My plan is to head towards that direction.

Hope this helps.

Kyle