What is the best way to find off-market deals right now? Any suggestions?
@Amanda Bruneau Just my 2 cents... try a route that others are not taking. If you’re blast mailing/texting/stalking 2-4 unit property owners that you found from a list you’re not the only person annoying that owner. Try a method that others aren’t using, maybe you know someone who works in real estate without actually working in real estate. What does that mean... do you know electricians? Plumbers? Maybe you offer them $1k if they ever find a distressed property owner that would be interested in selling. ($1k if you complete the transaction) They go to do a project and the owner is complaining that everything is always breaking. He/she can recommend you if they are interested in selling.
My best lead source is one of these types of people. In a way, she works in real estate even though she would never describe it like that. She does not want to be a landlord but she talks with landlords on a daily basis naturally at her job. Perfect fit for her to refer properties to me. On my current purchase, I’m the only buyer aware of the deal so I’m not competing with 100’s of people trying to outbid each other. I’m getting a good deal because of that.
@Corey Hawkinson great idea! Thank you! Covid has definitely made it difficult to get in front of people, but things are slowly getting better and I am having more and more face interactions with people.
@Amanda Bruneau network, network, network. Also, it helps knowing a tapped in real estate agent in your area that will be aware of properties coming onto the market.
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