How to find deals.

4 Replies

Hi guys I  have an opportunity of getting into the real estate. We have a deal with an investor that we find the deals for him,over see the project and make sure that it's ready to flip asap. We are all cash. Was wondering if anybody has an advise on finding cash deals in Miami. Thanks for your help

@Orlando Jimenez

First, you're not specifically looking for "cash deals".  You, as the buyer, have the cash, which gives you an advantage on any deal and allows you to bid on deals where cash is required.  However, you don't need to limit your search to only deals where the buyer has to have cash.

Second, you find deals in Miami the same ways you find them anywhere else. You market for them. You drive for $'s. You team up with agents. You search the MLS. You search Craigslist. Etc.

I am a little concerned that this buyer is trusting you with finding and managing these flips, when you don't understand acquisition. Perhaps you should start by reading The Ultimate Beginner's Guide to REI...

http://www.biggerpockets.com/real-estate-investing

Afterwards, you should check out the 2 J Scott books...The Book on Flipping Houses

http://www.biggerpockets.com/flippingbook

and then The Book on Estimating Rehab Costs.

Hi @Orlando Jimenez

 I'm currently doing cold calling and direct mail and this has brought me a lot of leads to follow up on and some that are close to seller financing, or you can just talk to an investor friendly realtor and work with them.

Hey @Orlando Jimenez , to @Hattie Dizmond 's point, you find great deals in Miami the same way you find them anywhere else.  But you're in luck, Bigger Pockets has A LOT of great content about how to find these great deals you're looking for.  Over 300 blog posts, and that's just the blog, not the forums.  Hope you took that speed reading course:)

http://www.biggerpockets.com/search/wordpress?utf8...

Knowing what a great deal is is a great place to start.  And the BP investment calculator can help with that:

http://www.biggerpockets.com/real-estate-investmen...

As can this how-to guide on analyzing deals:

http://www.biggerpockets.com/renewsblog/2010/06/30...

You have everything you need, right here at your fingertips (literally)...

I wish you all the best Orlando!

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