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Updated about 12 years ago on . Most recent reply

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19
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1
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Bill Bob
  • Puyallup, WA
1
Votes |
19
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Where you find your deal

Bill Bob
  • Puyallup, WA
Posted

Curious.
I have had decent success on the MLS. Although not the ripper deals you often think of when talking about real estate investing, but 30-35% below market value and easy cash flows. The problem is I only find a home that meets my requirements about every 3-6 months. So its VERY slow, and the deal may easily fall through or I will be out bid (most often the case).

Being that I am a amateur, (own 3 properties) I was curious what ya'll do to find your deals, and at what speed it allows you to accumulate your portfolio.

Thanks,
Bill

Most Popular Reply

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2,770
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3,666
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
3,666
Votes |
2,770
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
Replied

If you want more deals, you need to create multiple streams of deal flow. A few ideas;
Put out bandit signs
Mail to:
- Local Absentee owners (landlords)
- Out of state owners
- Expired Listings

Research abandoned properties
Track vacant houses
Contact For Sale By Owner properties
Inquire about For Rent properties

Things you can research at the court:
Divorce
BK discharges
Eviction filings
Probate

Contact Code Enforcement

There are lots of ways to increase deal flow. Good luck!

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