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Buying below market value
I am trying to find rental property for investing whether Single-family or Multi-family (4 units max). However, I am trying to accomplish this task by purchasing under market value (every investor dream). Currently not sure where to find such deals, would love any input from BP community members
Have you tried using propstream or dealmachine?
Are you making low offers on distressed properties? How many properties are walking? Are you spending money on lead generation? Who knows you're a buyer?
This is where we find opportunities. Nothing else really works for BRRRR or flipping .
Quote from @Austin Beveridge:
Have you tried using propstream or dealmachine?
Austin, no I have not. Do you have experience using those sites?
Quote from @Jaron Walling:
Are you making low offers on distressed properties? How many properties are walking? Are you spending money on lead generation? Who knows you're a buyer?
This is where we find opportunities. Nothing else really works for BRRRR or flipping .
Jaron, I have done none of the things you asked about and this is making me think more. Thank you!
Quote from @Nooruldeen B Aldulaimi:
Quote from @Jaron Walling:
Are you making low offers on distressed properties? How many properties are walking? Are you spending money on lead generation? Who knows you're a buyer?
This is where we find opportunities. Nothing else really works for BRRRR or flipping .
Jaron, I have done none of the things you asked about and this is making me think more. Thank you!
Right now in 2024, in most good markets, I can confidently say you will NOT FIND anything below market value that's nice. It's either distressed with value add opportunity based on seller motivation, or priced at or above real market value. Pick your poison.
Quote from @Jaron Walling:
Quote from @Nooruldeen B Aldulaimi:
Quote from @Jaron Walling:
Are you making low offers on distressed properties? How many properties are walking? Are you spending money on lead generation? Who knows you're a buyer?
This is where we find opportunities. Nothing else really works for BRRRR or flipping .
Jaron, I have done none of the things you asked about and this is making me think more. Thank you!
Right now in 2024, in most good markets, I can confidently say you will NOT FIND anything below market value that's nice. It's either distressed with value add opportunity based on seller motivation, or priced at or above real market value. Pick your poison.
That is a good point. Most of the under market properties that I have looked at are distressed porperties
Quote from @Nooruldeen B Aldulaimi:
Quote from @Jaron Walling:
Quote from @Nooruldeen B Aldulaimi:
Quote from @Jaron Walling:
Are you making low offers on distressed properties? How many properties are walking? Are you spending money on lead generation? Who knows you're a buyer?
This is where we find opportunities. Nothing else really works for BRRRR or flipping .
Jaron, I have done none of the things you asked about and this is making me think more. Thank you!
Right now in 2024, in most good markets, I can confidently say you will NOT FIND anything below market value that's nice. It's either distressed with value add opportunity based on seller motivation, or priced at or above real market value. Pick your poison.
That is a good point. Most of the under market properties that I have looked at are distressed porperties
Any luck finding anything? Same boat as you! Propwire is free and similar to propstream. Thinking of using that.
Sam, BP put out a good podcast on June 17th talking about how to find undervalued properties in any market. It was pretty good and explains how to do this. It is episode 972.
