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Updated about 4 years ago,

User Stats

17
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13
Votes
Marvin Michel
13
Votes |
17
Posts

New Investor here: How do I find deals if I'm out of town?

Marvin Michel
Posted

I'm a real estate agent in Brooklyn working primarily in rentals. With Biden potentially cancelling student debt next year, I am finally ready to seriously begin dipping my feet in investing. My plan is to buy 30-60k all cash, and another 30k rehab, and to either Flip or BRRRR. My question is about finding deals. I can't afford anything in Brooklyn, so my only go-to is using Zillow to scout markets near and far. I haven't been very successful getting anywhere thus far; most of the agents I reach out to either don't respond, or they tell me the property is no longer available, and when I ask them to keep a look out for me, they flat out refuse saying the commission they'd earn would be too low to be worth their time. They also seem to get a little stand-offish when they learn I'm a RE agent myself.

What do I do to really get serious about finding deals? What resources are available to me? If it helps, I was looking in South Jersey or Philly area, Baltimore, or further west into PA or OH.

- M   

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