Techniques for Finding Deals

These tactics are for you if you are having trouble finding your first deal. Your ability to reach a wider audience can be increased by varying your marketing strategies. It's critical to determine which marketing tactics in your industry provide the most leads. Finding discounts is not always easy, but going the additional mile and coming up with effective tactics can put you ahead of the pack.

1) Direct Mailing: Although though this is a more conventional method, it is still one of the best ways to locate houses.

2) SMS

3) Emails

4) Relationship Brokers

5) Facebook Marketplace: Facebook and other social media can help you quickly reach a large audience.

6) Loopnet, Crexi, and Costar

Joining Mastermind Groups: Sometimes it really does come down to connections. It is empowering to join a community of people who share your objectives. People in a group are more likely to support one another.

Finding a discounted deal depends on your market's criteria particularly, but here are some things to watch out for:

1) Mom & Pop owners have continued to operate as they did in the 1960s.

2) Lower price per square foot than the market average

3) Properties in poor condition with poor curb appeal

4) Owner managed Facebook Posts

5) Property hasn’t been upgraded since the 79s-80s

Deals are out there. You just have to do things that others aren’t willing to do and get comfortable with working out the numbers and knowing what a deal looks like. Be willing to stick to your numbers and keep making offers. Consistency is key.