Success through Facebook
Hello BP. I am new to real estate investing . Recently, my Facebook feed has been blowing up with real estate deals. Have you had success purchasing properties through Facebook groups? Groups like distressed properties or seller financing? How do you vet them? Thank you
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- Investor
- Virginia
@Jason Anderson
99.99% are over priced or scams where they don't even own property and many are just wholesaling properties ifrom the MLS.
Quote from @Chris Seveney:Thanks for the response. It all seemed kind of sketchy.
@Jason Anderson
99.99% are over priced or scams where they don't even own property and many are just wholesaling properties ifrom the MLS.
Quote from @Account Closed:Thanks for the response . As the saying goes if it’s too good to be true, it probably is. Thank you again.
Quote from @Chris Seveney:@Chris Seveney: Is absolutely correct. My phone blows up all day long with "deals" that are not "deals" at all.
@Jason Anderson
99.99% are over priced or scams where they don't even own property and many are just wholesaling properties ifrom the MLS.
There are two ways to find deals
1. Be the best friend with someone who finds deals and have plenty of cash ready
2. Find your own deals
Hey Jason, the best way to find these distressed properties (off-market deals), you have to either do it yourself, which is a full-time job calling and building relationships with these cold sellers, or find investor-friendly agents/wholesalers sourcing these deals for you.
Quote from @Nadeem Alamgir:
Hey Jason, the best way to find these distressed properties (off-market deals), you have to either do it yourself, which is a full-time job calling and building relationships with these cold sellers, or find investor-friendly agents/wholesalers sourcing these deals for you.
Thanks Nadeem. I will reach out to you shortly. I’m looking forward to creating relationships.