NEW Realtor working with investor

[Lissette Deleon]

Hi BP Community!

I just got an opportunity through another agent at my office, where she passed over an investor to me and my husband. He is looking to buy in Rhode Island and wants to know if there are any liens on the property (if any) and if they are assumable, along with the mortgage. He is looking to buy 5-10 properties a month and he is located in DC.

I have not gotten a response yet as this just came through, but I would like to try and prepare the best I can. So I have a few questions..

I have been hearing that off market properties are the way to go when working with investors, but what does that actually mean? Are these wholesalers? 

How can I get in contact with people who are selling homes off the market? Where do I look?

Thanks! I am a brand new agent and hungry to learn!

[Nathan Gesner]

@Lissette Deleon I forgot to mention a very important technique. As a REALTOR, you have the opportunity to network with hundreds of other REALTORS. They have their ears to the ground and are constantly looking for deals but many deals will not suit their buyers so you can ask them to bring them to you.

For example, I told other agents I was looking for investment property. One agent overheard me and mentioned she had a hoarder house for sale "really cheap". The owners didn't want to list it for sale because they were too embarrassed. So I spoke with the owners, promised discretion, and bought the property below market. After repairs, I tripled the value of the home and have great renters.

Network, network, network!