Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

40
Posts
18
Votes
Jourdan Mercer
18
Votes |
40
Posts

Best places to find off market deals?

Jourdan Mercer
Posted

I'm fairly new to BP and trying to find my first deal.  I keep coming across people saying to try and find an off market deal.  Where is the best place to find off market deals?  Are there any sites that have off market deals?  

I keep coming across people saying to ask wholesalers.  Well, where do wholesalers find their deals? 

I tried to use the off market deal finder here on BP and I can't figure it out for the life of me.  I'm a pro member so I have no idea why it's not working for me...

If my location makes a difference I live in the middle between worcester and boston, ma.

Most Popular Reply

User Stats

474
Posts
393
Votes
Brian J Allen
  • Real Estate Agent
  • Worcester, MA
393
Votes |
474
Posts
Brian J Allen
  • Real Estate Agent
  • Worcester, MA
Replied

@Jourdan Mercer if you are looking for off market deals in Worcester, They are mostly with the agents. I have buyers who are searching for bigger properties and when they find one they have to unload smaller stuff right away. There is a constant stream of off market stuff that is just about to be sold. Additionally, the way the market is now, agents reach out prior to listing properties on the MLS. They would rather have a guaranteed sale than put things on the MLS and let them sit, even if they get less money. This allows you to negotiate on price, terms and timing which are very hard to do with an MLS property. Find yourself a good multifamily agent who does 10 or more multis a year and they will have a constant deal flow. We typically know of 10-20 off market properties at any given time that can be sold. If you like one, then they will agree and go shopping for something bigger. When you look at the MLS you will often see properties that are there, priced appropriately that don't sell, or drop in price. This is often because they are looking to 1031 exchange these properties so they want the best buyer at the best time. Best of luck with your search!

Loading replies...