All Forum Posts by: Marlon Johnson

https://www.realtor.com/research/market-trends/ Here you will be able to check out market data. Really want you want to do is a build a good relationship with a full time realtor who works with real estate investors and hopefully is an investor themself. Do not work with an agent who is doing this part time. Find someone who knows the market like the back of their hand. They will guide you and teach you the ins and outs of your market.

Go to your local REIA's. You will find them on meetup. A good resource for learning your market is this website right here. https://www.neighborhoodscout.com/

Check out FSBO's, for rents, and craigslist and FB marketplace. Reach out to owners and see why they are selling. Remember people make deals. If I own a lambo but I am in a sticky situation and need to sell that thing tomorrow. I will take a price reduction because time is more valuable than money. Find out why they are selling and when they need to sell.

Are you doing any direct to seller marketing? 

Hey What's up Anthony! You are going to want to gather a few key items to know if you are looking at a deal or not. First and foremost you want to look at the motivation level of your seller. They are in control of the property and ultimately they decided the sale price. People make deals, not houses. Look for a seller with a problem and bring the most value when you solve their problem. 

Motivated seller aside, get to know your market. You want to know what median home prices are in your neighborhood, what sort of houses are moving quickly in your market(how many beds and baths), Average DOM (days on market), School district, crime rate, renter vs owner ratio. Those are some of the basic things you need to know that will help you determine your exit strategy which is ultimately what makes your deal.

Let me ask you, what is the investing strategy you are interested in? Flipping, holding, developing, renting, assigning? 

@Natasha Sykes if you qualify for a mortgage and can get funding for a home why go single family. The Brrr method could be perfect for you with a duplex. Also when you find the seller, see if they would be interested in selling on terms and maybe you can get into your first home for next to nothing in up front cost.