Off Market Deals with conventional Financing

[Drew Steusloff]

Hi BP,

As new investor, I am continuing to struggle to find lucrative deals off the MLS and on Market. While I am about to close on my first house hack deal, I would like to make a plan for my next property. I am considering putting together a yellow letter campaign or bandit signs to start generating some leads. My one hesitation in doing this is that I would be not approaching this as a Cash buyer but using conventional financing or Hard Money depending on the property. From everything I have read, off market deals tend be require having cash on hand a quick close. Do I need to change my purchase strategy in order to pursue off market properties, or can I make this work with financing?

Thanks, 

[Ray Evans]

@Drew Steusloff I missed out on the second part of this.Get a good purchase and sale agreement contract for your area.You can get your off market deals " under contract " with less than $1000. Then you have the option to finance through a HML or sell the contract for a wholesale fee to another investor.

Network and meet all the investors that you can,they can be your competition and your customers.

Best of Luck!