Best way to invest in a hot market

[Thomas Harr]

Hi, 

I'm relatively new to BP, but I have been diligently listening to the podcasts and have been learning quite a bit. Here's my story..... I am a 23 year old who is trying to invest in the Columbus, Ohio market. If anyone is familiar with the market, they know that it is almost impossible to find any type of deal on the MLS, which an agent has provided for us. I have partnered with my uncle (who showed me on to BP), and we are just trying to find the best way to find deals in a hot market. I have just joined my dad's business, so we are both investing in our spare time. My father and I own a housing foreclosure business and a property inspection business, but the foreclosure business is bleak right now due to the nature of the market, so minimal leads. If anyone has good advice, I am considering yellow letters and things like that for absentees, tax lien properties, and routes such as those. Anyway, thanks in advance for the advice!

Tommy Harr

[Ned Carey]

@Thomas Harr in a hot  market anything on the market tends to go for top dollar. So you need to find off market deals. Direct mail is one way. I prefer to target specific properties, typically vacants, and track down a phone number. 

There is a lot that has been written here about direct  mail. As well as ways to find deals. Burnt out landlords is a good group to target.