The Big Question...finding deals

[Ryan Mills]

Hey everyone, so we have been searching the MLS like crazy and looking for deals in the greater Cincy area with minimal luck (MFH). We also do not live anywhere near Cincy. This makes it difficult to truly know the area and put our boots on the ground. We are hoping for any sage wisdom or advice all you seasoned investors might have for young bucks like us. How can we broaden our search for deals? Direct mailing? Foreclosures? We are not sure what the best avenue is to spend our time and resources. Thank you all in advance for any help you may be able to offer.

[Account Closed]

You will win the lotto before you find a deal on MLS. Getting foreclosures is tough. In fact, everything is tough if you want to be good at it. The best lead source I ever found is propertyradar.com and it can do so many things for you it will take an hour to explain. One of the best things to look for is properties that were listed for sale and did not sell and were taken off the market. Propertradar.com had soo sorts of filters for these properties. It has pre-foreclosures, owners addresses, telephone numbers, email addresses and all sorts of great information. I don't know why any real estate investor would pay another company for leads when you can download 10,000 leads per month that are much more accurate than canned leads and for only $79 per month.

Go on youtube and watch all the videos about how to get leads, how to close deals, etc., but don't believe everything you hear and never pay for crap courses because you can get everything you need on the internet for free.

One major problem investors have is even the brokers and wannabe professionals don't know how to analyze properties and they are full of poop. I just jot off the phone with a broker I've done business with for more than 20 years and he was trying to tell me a 10-unit property for $2.8 million will get be a $4 million profit in 10 years. I am super fast with numbers, corrected him and the most I can earn is $1.8 million. My point is; if you can't do the math you may be looking at goldmines and will never know. Don't be afraid to ask for help with analyzing properties.