Tools for finding off Market Deals

[Ignatius Okeke]

I'm looking to subscribe to a service that helps find off-market real estate deals, and am considering options like Invelo, PropStream, Deal Machine, Property Radar, and others. However, I'm unsure which of these platforms supports specific search criteria such as non-paying tenants, code violations, absentee owners, vacancies, tax liens, deceased properties, probate, and inheritance. I would appreciate your recommendations based on these criteria.

[Abel Curiel]

Quote from @Ignatius Okeke:

I'm looking to subscribe to a service that helps find off-market real estate deals, and am considering options like Invelo, PropStream, Deal Machine, Property Radar, and others. However, I'm unsure which of these platforms supports specific search criteria such as non-paying tenants, code violations, absentee owners, vacancies, tax liens, deceased properties, probate, and inheritance. I would appreciate your recommendations based on these criteria.

 Hello Ignatius,

The platforms you mentioned work great but would likely require you to build out systems and processes for a sales and/or marketing business. 

I use Attomdata (formerly geodata) which tells you if the property is owner occupied or has an absentee owner. It includes phone #s for property owners as well. It doesnt have info on tenant status but if that is offered on other platforms it seems like a great option to have.

You'll need to cold call and follow up (mailers, calls, visits) with 1,000s of leads for the next year or so before getting a significant # of chances/appointments to convert the leads. Totally doable if that sounds like something you're willing to do.

If you were looking to go that route, I'd recommend getting a Customer Relationship Management (CRM) software to keep track of leads and follow-ups. This probably sounds a little like wholesaling or being a Realtor, and it is.

If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.

I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.

All the best!

Abel