Any tips for finding deals?

[Vince Char]

Hi All,

I have been talking with an agent and got pre-qualified. I am now trying to find good deals, but everywhere I look on websites like zillow or realtor.com the houses are not great quality. I am looking for small multifamily properties. Any tips on other ways to find leads other then an agent and typical websites?

[Mitchell Goldstein]

 Many years ago, I contacted my city government and asked for a listing of all the multifamily properties in the city. The list I got was huge, even for a small city of 100,000. However, looking up each property on the tax assessor's and the tax collector's sites, contacting Code for violations or improvements and seeing the Path of Progress, plus doing basic analysis, showed me that I could narrow down the properties to Good, Better and Best leads. It took time but the education was invaluable. Then you can contact specific property owners because you know a good deal about the property and the area. Their reception will be respectful because you are knowledgeable. It will result in a high degree of seller financing, especially welcome today, when high down payments are required. Doing this process gets good results, compared to bulk mailers which get a low return and a hostile attitude. Good luck

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