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Updated almost 9 years ago on . Most recent reply

User Stats

70
Posts
19
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Sheldon Alex
  • Elk Grove, CA
19
Votes |
70
Posts

What are the best ways to find deals starting off?

Sheldon Alex
  • Elk Grove, CA
Posted

Hi Everyone,

I'm new to real estate, and so have no agent or broker connections yet in my area. As I work on developing those, I was looking for properties through the newspaper (let me know if that's one way to find deals). 

Now for someone like me starting off, what are some ways I can start looking for some deals? Any suggestions is greatly appreciated. Thanks. 

Sheldon  

Most Popular Reply

User Stats

144
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82
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Tim Johnson
  • Investor
  • Becker, MN
82
Votes |
144
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Tim Johnson
  • Investor
  • Becker, MN
Replied

Hi @Sheldon Alex. These a lots of ways to find deals. Talking to an agent is one possible way, many people find it's difficult to make the numbers work on deals that come from the MLS. Some people use Wholesalers/Direct Markets to help them find deals. Those folks advertise with direct mail (and other methods) to find motivated sellers of distressed properties. Some folks rely on property auctions or buying property on the courthouse steps. Still other folks will "drive for dollars"...drive around and look for unkempt properties that the owner might be willing to sell.

There are a number of different strategies to find good deals on real estate.  You might try a few different options before you find the one that works best for you.

I wish you the best of luck in your real estate endeavors! 

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