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Updated about 6 years ago,
How do you prefer to find/receive deals?
Hello BP Community,
I would think it doesn't matter how you find/receive deals if it is a deal, assuming it is from a trusted source. If there is an opportunity to move on a deal, especially one that fits your criteria, then it shouldn't matter how you receive it...right? I mean assuming obviously it's legally and ethically found/received.
I read an article on being careful about bird dogs and their fees. That most of the information a bird dog could find you could do on your own if you just put in the work. But I also saw some youtube videos on how wholesalers like to utilize bird dogs for quick deals and that they provide value.
Some people only work with agents or maybe trusted members from their local REI/partnerships. I've also read that some investors would rather find and make their own deals off the MLS or auctions sites.
I guess it ultimately depends on where you are in your investment career and what kind of investments you are involved with. For example a syndication. Usually people who want to take a more passive approach and let their money work for them rather focus only on syndication. Somebody usually brings them the deal. This also reminds me of hard money lenders where it is also more of a "hands off" way of investing and having the deals come to you.
Base on your own experience can some of you shed some light on how you prefer to find or receive your deals?
Secondly and maybe for seasoned investors is there a way you prefer your deals now that has changed since you first started?
Thanks BP Community.