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Updated over 6 years ago on . Most recent reply
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Finding off market deals
I am a new investor in the state of Rhode Island/Massachusetts and closed my first multi-family deal this past winter. I'm looking to give house flipping a shot , but its tough finding houses on the market. I put in cash offers quite often, but always get bid out. I decided to try to find deals off market. I have a few thousand post cards that I designed and purchased that I plan on using to hopefully get a deal. Now that it's time to distribute them I'm not exactly sure the best way to do so. First I wasn't thinking I would drive around to find distressed properties which I found to be ineffective. Then I thought of trying to send them out to people who are in the early stages of pre-foreclosure , but don't know know how to find this information. Any suggestion would be be greatly appreciated.
Zach Ballou
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I have bought a lot of off market properties. The way I’ve bought them (this is going to sound crazy) is t-shirts and team members. If you own other properties have your workers wear shirts that say “want to sell you home?” Or “cash For Condos” get one for yourself and wear it EVERYWHERE! Send mailers to the areas you want to buy, not the specific list of pre-foreclosures. That stupid shirt has started more conversations than I can tell you. You can also get signs made. Hang them HIGH and with a google voice number. Post on Facebook, and LinkedIn. If your friends aren’t tired of hearing you asking, then you haven’t asked enough. Buying off market is about two things. Who you know and who has heard you pitch. So you better pitch to everybody and their brother. You are gunna get a lotta NOs but hen you get the yes it’s worth it. Hope this helps!