How to Source Deals in Today's Wonky Market

HaveEducationCoaching
Classifieds

How to Source Deals in Today's Wonky Market

Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes

When investors ask, "How do you find deals in this market?" the answer is usually the same:

  1. Define your acquisition criteria.
    • Target market
    • Property type
    • Buy box
    • Minimum acceptable return
  2. Build consistent lead generation channels.
    • Direct mail
    • Cold calling
    • Door knocking
    • Expired listings
  3. Develop a process for working expired listings.
    • Understand why the property failed to sell
    • Identify seller motivation
    • Offer a solution that aligns with their current situation
  4. Study traditional lead sources.
    • Agent referrals
    • Online inquiries
    • Direct response marketing
    • Networking and relationship-based opportunities
  5. Track activity metrics.
    • Calls made
    • Conversations held
    • Appointments set
    • Offers submitted
    • Contracts signed

Most investors overestimate strategy and underestimate volume and consistency.

The key question isn't whether deals exist.

The key question is: How many focused hours per day are you dedicating to lead generation and follow-up?

Deal flow is often a direct result of activity level and process execution.

0Reply
50 views

No replies yet. Be the first to reply to this discussion.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.