I am looking to connect with real estate investors in the Philadelphia/Greater Philadelphia Area. I would like to hear about how you went about finding your realtor and if there is anything you wish realtors would do for you. For example, certain analysis on properties to go along with the listing being sent your way.
I am also interested in how you find off market deals to set you up to reach your profitability goals in this current seller’s market.
I am a little over 1 year into being a realtor and looking to learn from people with more experience so I can create teams and build a better business. Any advice is greatly appreciated!
Hey @Mike Brightcliffe welcome to BP! I'm a newer investor in the area and would love to connect. Let me know how I can help!
Thanks Tim! I will message you now to further discuss.
Hi Mike, I am an investor based out of the Greater Philadelphia area.
1.) Typically in the Multifamily space, the broker provides a Offering Memorandum ("OM") with includes such analysis as Cash on Cash Return. It is rare to see this done on smaller properties but I believe doing so could really set you apart from other realtors.
2.) For finding off market deals, there are a number of different services and strategies people use. I believe driving your target area for distressed properties, running the properties address through TruePeopleSearch.com and calling them directly to be the most effective.
Thanks for the feedback Kev. I would like to use the Offering Memorandum on every property to try to set me apart from other realtors. Would you mind sending that over to me when you have a chance?
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