An easy way to describe where you want to buy

[Ohad Benjamin]

Hello all,

I wanted to share a strategy that I used to describe my desired locations with real estate agents. This strategy helps remove some of the ambiguity of where am I looking to find my next purchase. I find it really useful to also screen potential properties without having to think too much.

The strategy starts by doing you research and identifying the locations you want to purchase your next property. The research will include crime rate, schools, income level etc. Then, you create a "trip" on Google Maps that surrounds the desired area. You will end up with a map like this one which I use to share with my agents. This becomes an extremely useful tool especially for out of state investors. Whenever a new property comes up I quickly add the address to the bottom of the list and if the last stop on the "trip" is inside my identified area I can move on to analyzing the deal.

Right now I'm looking to add more properties to my portfolio in that area, but the deal flow is super dry. If anyone has a strategy for finding more off-market properties I would love to hear. I'm basically looking to buy anything that's at least four units and needs work (total renovation to rent ready) in this area.