How to find deals?

[Account Closed]

Hi, I am very new to real estate. I just wanted to know how some of you find deals and what strategies and tools do you use to evaluate the deal? 

[Crystal Smith]

Originally posted by @Account Closed:

Hi, I am very new to real estate. I just wanted to know how some of you find deals and what strategies and tools do you use to evaluate the deal? 

Find deals- We use the MLS, wholesalers, property finders, other investors, craigs list, backpage... social networks, preservation companies, contractors, periodic mailings; hedge funds, auctions, driving for $.... (Anytime we're in the car we have our eye out).......... You get the picture. Budget ($) & time are allocated for each source. This includes other staff & Virtual Assistants.

Evaluate deals- We use to use spreadsheets.  Now our process is semi-automated.  All our deals go in to a centralized database where we can quickly analyze alternative exit strategies,  Flip, Buy & Hold, Lease Option, Rental.  Similar to the tools available on BP under the analyze tab.