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Updated over 5 years ago on . Most recent reply

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John Sirianni
  • New to Real Estate
  • Horsham, PA
3
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Houses before they hit the market

John Sirianni
  • New to Real Estate
  • Horsham, PA
Posted

Hello,

So I eventually want to get into real estate investing to earn a passive income. From listening to many of the bigger pockets podcast and other real estate podcast I've grown to love the BRRRR method. That being said I feel like the only way to really get ahead of the game is to buy homes that haven't hit the market yet. That way I'm not getting the "left overs", any advice or what I need to do in order to find homes before they hit the market?

Thank you,

John

Most Popular Reply

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Mike Dorneman
  • Rental Property Investor
  • Drums, PA
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Mike Dorneman
  • Rental Property Investor
  • Drums, PA
Replied

@John Sirianni Hey John- While finding off market deals is great, it's not the only way. About half the deals I've done in the past 2 years were MLS, with the other half being off market.

Many ways to find off market deals such as diving for dollars, sending individual letters, purchasing list(s), tax sales, etc...

That said, don't discount the MLS, especially as a new investor. Try to connect with an agent that represents investors, Vs simply a buyers agent. Agents working with folks looking to purchase their personal residents are far different than agents who understand what we are looking for. Cosmetics mean nothing, I care about the numbers... we can change the look of a house easily, as long as there is room in the numbers. This typically is not the mindset of your "standard" RE agent.

Best of luck!!

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