🔎 Finding Deals
On Market
💡 99% of investors are looking at the 1% of available properties on the MLS/Zillow
If it is legally allowed in your state, consider getting a dual agent.
Look for listings with outdated or poor quality photos.
Go after listings that are at least 3 months old
There aren’t that many other tips I can give in this space
Off Market
Get a letter of intent (LOI) with conditions, then purchase and sale agreement (PSA). Always get an attorney to look it over; don't get one from the seller.
For Sale By Owner
Fsbo.com or an FSBO sign that indicates a property is being sold by its owner, without the assistance of a real estate agent.
On average, sellers who don't use agents lose 13% of their potential sale price.
REO/Foreclosure/Short sale
REO (Real Estate Owned) properties from banks often have fewer buyer protections than other properties.
Short sales can be especially difficult, as they can take a long time to complete and can be hard to negotiate due to the importance of the sale price to both the seller and the bank.
Distressed sellers
- Retirees in Senior Homes
- Recent deaths in Obituaries
- Divorces, get to know an attorney
- Water main shut-off due to unpaid utilities, public record
- Probate, public record
- HOA Liens, public record
- Tax delinquents, public record
Track Down Owners
- Look into public property records. Google “your county” + “deed records”