How Do I Find Deals ; Where to Look for Deals How to Find Deals

[Coral Hernandez]

How to Locate a Profitable Fix & Flips:

The Key to finding profitable deals is knowing not where to find the deal, but rather what Number makes it a good deal. Knowing your math is the Number One important factor to finding a good to great deal.

With that being said:

How to Locate a Profitable Deal!

• Wholesaler –
  • Individuals or Companies that have Properties Under Contract. They then sell the rights to purchase it to Investor or Buyer
• · Real Estate Broker
  • They represent multiple “Sellers” of properties. They have relationships with Owners and Investors directly, in which they are entrusted to Market and Sell their houses.
• · “In Pocket Deals”
  • Essentially “Off Market Deals”, or Properties that you can purchase before they hit the open market. This can occur, usually through a family member or friend that is or knows someone that is getting ready to sell and you can get it at below market price

• · Direct Mailing & Marketing (social media, SEO, Google Ads)
  • Another way to obtain Deals Off Market or Below Market Value
• · Driving for Dollars
  • A technique where you drive around in neighborhoods that you are looking to invest in, and you look for Distressed and/or Value-Add properties. Then, you creatively find a way to Approach and ask to Buy the House from the Owner (we’ll cover this in a future post)
• · Auctions
  • Pretty straight forward, Auction Houses place “Distressed Properties” up for bid. These houses can often time be Sight Unseen and can be High-Risk High-Reward for the Non-experienced Investors
• · Local R.E.I.A. Meetups
  • Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals
• · Online Blogs and Networking (BiggerPockets, Linkedin, etc…)
  • Same as above
• · Bank Asset Managers for REO properties
  • Properties that are “Distressed” and Banks want/need to get off their books

Point Blank you have to be creative and utilize a collection of different strategies, such as the ones mentioned above, and see what Blend works for you.