New Investor how are people finding deals?
4 Replies
Sean Keating
Rental Property Investor from Kirkland, WA
posted over 1 year ago
I'm a new investor in Alaska and I'm curious what markets people are looking in and how they are acquiring their deals. I have been looking through listings and nothing seems to be that right fit. Any suggestions?
Thanks in advance!
Geordy Rostad
Real Estate Broker from Kirkland, WA
replied over 1 year ago
The MLS is a great place to start but if you've exhausted it, here's a couple more places to try:
1) Wholesalers - Go to some local real estate investor meetups and meet some of these guys. Try meetup.com and the Bigger Pockets events section under networking. You can also search the forums here "Alaska wholesaler" and see if anything pops up.
2) Zillow has "make me move" and some pre foreclosures you can search through.
3) Craigslist still occasionally has some true FSBO properties. Just have to look for them.
4) This site has some interesting stuff sometimes. Haven't tried it in Alaska yet though http://www.buildingsbyowner.com
5) Bigger Pockets has a marketplace section https://www.biggerpockets.com/real-estate-listings
6) Driving for dollars - drive around looking for distressed properties. Knock on the doors. If it's vacant, knock on the neighbor's door.
That's all I have for the moment but someone else here can probably give you another 6 if you need them. Good luck!
Jamie Rose
Real Estate Agent from Anchorage, AK
replied over 1 year ago
@Sean Keating - I'd be glad to meetup and grab some coffee with you to discuss! I just looked at a good deal on a 4plex here in town yesterday... there are always one or two popping up (and getting sold) here and there.
Sean Keating
Rental Property Investor from Kirkland, WA
replied over 1 year ago
Thanks for the advise @Geordy Rostad I'll try those out. Also, thanks for the resource buildingsbyowner.com I have not seen that before. Have you had a luck with that?
Geordy Rostad
Real Estate Broker from Kirkland, WA
replied over 1 year ago
My dad just found that one for me the other day. I haven't really dug into it yet. Some of it seems pretty overpriced but there are a couple of deals on there (just not around me).