In today’s busy real estate world, great deals can be hard for investors to find. That is why today we are excited to bring you a special episode of the BiggerPockets Podcast, recorded live at the TradeKing stage at FinCon 2015. In this interview with Chad Carson, you’ll learn his top seven favorite strategies for finding great deals even if your market is overheated! If you need to buy a great deal this year, the show is for you!
Read the Transcript
Click here to read the transcript.
Listen to The Show on iTunes
Click here to listen on iTunes.
Listen to the Podcast Here
Podcast: Play in new window | Download
Subscribe: iTunes | Android | RSS
Help Us Out!
Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!
This Show Sponsored By
We just wa
nted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
Fire Round Sponsor
A huge thanks as well to our Fire Round sponsor FreshBooks.
FreshBooks customers spend less time on paperwork, freeing up 2 days per month to focus on the work they love. What would you do with that extra time?
Learn more by visiting FreshBooks.
In This Episode We Cover:
- What exactly FinCon is
- How long Chad Carson has been investing
- How to find amazing deals
- The importance of knowing what’s important for your niche
- 7 tips for unearthing great investments
- What to look for when driving for dollars
- What you should know about “vacant radar“
- Why you should connect with experienced investors
- How to use Craigslist to find deals
- Tips for making successful phone calls
- How many units Chad currently has
- How to stay smart while using the MLS
- What exactly “referral prospecting” is
- The importance of keeping a good reputation
- How to use direct mail to find deals
- Why one might choose to let go of a property
- What you should know about guerrilla marketing
- And SO much more!
Links from the Show
- BP Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson
- BiggerPockets Forums
- Ultimate Beginner’s Guide to Real Estate Investing
- BiggerPockets Webinar
- Brandon’s rental property that was on fire
- BiggerPockets Forum Categories (including local sub forums)
- Hustle: The Single Most Important Factor to Finding Real Estate Deals (blog post)
- BiggerPockets Blog
Books Mentioned in this Show
- The Warren Buffett Way by Robert G. Hagstrom
- What They Don’t Teach You at Harvard Business School by Mark H. McCormack
- The Book on Investing with No or Low Money Down by Brandon Turner
Tweetable Topics:
- “Real estate is like being an athlete—every single day you train and lift in order to perform well.” (Tweet This!)
Connect with Chad
FinCon Live Podcasting
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks, and techniques delivered straight to your inbox twice weekly!
- Actionable Advice for Getting Started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
15 Comments
Great show! Really like your tip on calling for rent signs. That is a great way to potentially find deals and most people would not think to do that.
Thanks Alexander. Yes, calling for rent signs is simple but not done by a lot of people. You learn about the rental market, network with another landlord, and then also potentially buy the property. Good luck to you!
Really enjoyed this show. Quick question (and apologies if I missed this), in the driving for dollars strategy – how are you contacting the owner of a property you have identified during you driving for dollar excursions. Direct mail/phone, etc.? Thanks!
Good question, Geoff. I’m not sure we addressed that in the podcast.
I simply add those addresses to a spreadsheet, look up the owner name and address, and send them a direct mail campaign.
Early on you can keep it simple and just send them yourself, or for the bigger, more system oriented businesses you can outsource all of it.
Hope that helps. Thanks for listening and for asking a follow-up question.
Hi Chad-
Thanks for the response. Any tips you can share on direct mail in terms of maximizing chances for response?
No comment on the show yet – just logged it to download it – but in case no one else has mentioned the spelling error, your the text in your picture has “incredible” spelt as “incrEAdible”. Just an FYI.
Nice catch, John. Hopefully the BP folks can make the change:) I’ll email them too.
Thanks for bringing the show to FinCon, fellas. Chad, thanks for bringing your expertise. As an investor myself, I’ll be checking out these tips to look for steals in my area.
Hey PT! Thanks for commenting.
FinCon15 was a game-changer for me. Thanks for all the hard work you and others put in to make it so helpful. I am signed up for San Diego already!
I didn’t know you were also a real estate investor. We’ll have to chat some other time when you’re not so busy;)
Thanks again.
I started marketing to evictions in a very similar way as you mentioned about 2 months ago. I’ve had a good response rate but nothing has converted to $$ yet. I’m sticking with it though!
Good luck Adrian! Yeah, you never know what sticks. But have to try it.
amazing tips…time to hustle and train to perform
How are you financing all the deals once you find them?
Hey Tom,
Do you mean am I using financing to buy the deals? Or do you mean am I selling them with financing?
In most cases, yes to the first. In most cases, no to the second.
Really enjoyed listening to this! Lots of stuff out there as to why we should invest in RE and how to analyse deals but so little on how to actually find good deals… Thanks guys this really helped.