How Do I Find Deals ; Where to Look for Deals How to Find Deals

Question

How to Locate a Profitable Fix & Flips:

The Key to finding profitable deals is knowing not where to find the deal, but rather what Number makes it a good deal. Knowing your math is the Number One important factor to finding a good to great deal.

With that being said:

How to Locate a Profitable Deal!

• Wholesaler – Individuals or Companies that have Properties Under Contract. They then sell the rights to purchase it to Investor or Buyer
• Individuals or Companies that have Properties Under Contract. They then sell the rights to purchase it to Investor or Buyer
• ·        Real Estate BrokerThey represent multiple “Sellers” of properties. They have relationships with Owners and Investors directly, in which they are entrusted to Market and Sell their houses.
• They represent multiple “Sellers” of properties. They have relationships with Owners and Investors directly, in which they are entrusted to Market and Sell their houses.
• ·        “In Pocket Deals”Essentially “Off Market Deals”, or Properties that you can purchase before they hit the open market. This can occur, usually through a family member or friend that is or knows someone that is getting ready to sell and you can get it at below market price
• Essentially “Off Market Deals”, or Properties that you can purchase before they hit the open market. This can occur, usually through a family member or friend that is or knows someone that is getting ready to sell and you can get it at below market price

• Individuals or Companies that have Properties Under Contract. They then sell the rights to purchase it to Investor or Buyer

• They represent multiple “Sellers” of properties. They have relationships with Owners and Investors directly, in which they are entrusted to Market and Sell their houses.

• Essentially “Off Market Deals”, or Properties that you can purchase before they hit the open market. This can occur, usually through a family member or friend that is or knows someone that is getting ready to sell and you can get it at below market price

• ·        Direct Mailing & Marketing (social media, SEO, Google Ads)Another way to obtain Deals Off Market or Below Market Value
• Another way to obtain Deals Off Market or Below Market Value
• ·        Driving for DollarsA technique where you drive around in neighborhoods that you are looking to invest in, and you look for Distressed and/or Value-Add properties. Then, you creatively find a way to Approach and ask to Buy the House from the Owner (we’ll cover this in a future post)
• A technique where you drive around in neighborhoods that you are looking to invest in, and you look for Distressed and/or Value-Add properties. Then, you creatively find a way to Approach and ask to Buy the House from the Owner (we’ll cover this in a future post)
• ·        AuctionsPretty straight forward, Auction Houses place “Distressed Properties” up for bid. These houses can often time be Sight Unseen and can be High-Risk High-Reward for the Non-experienced Investors
• Pretty straight forward, Auction Houses place “Distressed Properties” up for bid. These houses can often time be Sight Unseen and can be High-Risk High-Reward for the Non-experienced Investors
• ·        Local R.E.I.A. Meetups Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals
• Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals
• ·        Online Blogs and Networking (BiggerPockets, Linkedin, etc…)Same as above
• Same as above
• ·         Bank Asset Managers for REO properties Properties that are “Distressed” and Banks want/need to get off their books
• Properties that are “Distressed” and Banks want/need to get off their books

• Another way to obtain Deals Off Market or Below Market Value

• A technique where you drive around in neighborhoods that you are looking to invest in, and you look for Distressed and/or Value-Add properties. Then, you creatively find a way to Approach and ask to Buy the House from the Owner (we’ll cover this in a future post)

• Pretty straight forward, Auction Houses place “Distressed Properties” up for bid. These houses can often time be Sight Unseen and can be High-Risk High-Reward for the Non-experienced Investors

• Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals

• Same as above

• Properties that are “Distressed” and Banks want/need to get off their books

Point Blank you have to be creative and utilize a collection of different strategies, such as the ones mentioned above, and see what Blend works for you.

Steven Foster Wilson · Answer

Here in Columbus Ohio, I cold call alot of property owners seeing if they would ever sell, about 1 in 1000 will, but its all it takes. You can find great deals with little competition.

Reece Iovine · Answer

I think its important to look at the money. So like @Steven Wilson said cold calling is great, and 1 out of 1000 will sell. Well if you can find a deal off market that has 50K in available value add, that's 6 months to a year of work for some people, is that worth the effort to you? Maybe. I cold call/text and have people cold call/text for me so I can find great deals however many people need scale. Cold calling takes time if you have money and need units, then buying on market may be what you ahve to do in order to buy volume or you need to cold call bigger deals :)

Stacey V Tisdell · Answer

Thanks for the post! I'm just starting out in real estate and this was helpful information.

How Do I Find Deals ; Where to Look for Deals How to Find Deals

How to Locate a Profitable Fix & Flips:

How to Locate a Profitable Deal!

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