How are YOU finding deals?

120 Replies

two by marriage, moved out of houses owned by each one of us individually and moved into a third primary.  4th and 5th property using a TK in Texas.  All buy and holds.


Two MLS, then a random auction I happened upon, then two more MLS.

But... my next deal may very well be the result of Driving for Dollars and a yellow letter sent to the owner. Actually, that may be the next 3 deals... Plus one from a friend who doesn't want to deal with MLS traffic.

1. Local bank i work with called me and needed to get rid of an OREO.

2. Motivated Seller - Source: My website (Google Ad)

3 -5 . Foreclosures thru Fannie and Freddie.

2 directly from home owners - one referred by friend, the other tracked down an absentee owner.

2 from trustee sale


And a side note, the most profitable were the 2 from home owners and the least profitable was the MLS.

The last one...Craigslist-advertised as under market..and it was

One before that: Craigslist-owner found me and wanted out fast

One before that: Craigslist-distressed owner found me

One before that: HUD property

One before that: MLS listed property

Working on one that I may lock up this week: if it works out...Craigslist

Now you know why I encourage people to use CL:)

2 from agent

3 from owners

I have a team of bird dogs and call 10 agents per day looking for the great white whale ..... I mean deal.

I have been working on getting a vurtual assistant to provide my team with hand picked "Glenn Gary" type leads to get the team out working and fill in the rest with our regular lead source.  Our company believes that activity breads activity.

3 Hud homes- flips

1 CL Ad- 3 bed for 15k rented day 1 for $600

1 MLS(I am a broker so received comm) 3 bed/2bath rented for $695 day 1

Rentals are not really my focus but you have to take what the market gives you

I watched a duplex sit on the market for nearly a year. Then after doing the numbers, and getting through the negotiation. At the closing table the seller offered to sell 4 more properties all on seller financing.

I have a question for the Realtors: Is it better to be a Real Estate Agent? In other words every time I tell a Realtor that we are investors I don't hear from them again. We are new in the business and is getting hard for us to find a property?

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