How Do You Find Off Market Deals?

[Cade Olof]

Hello to all fellow BPer's! I hope everyone is doing well and staying safe.

I wanted to create a post specifically about off market deals. Is this a system you have used before? How did you go about creating this system to find those off market deals? Do you find that off market deals become more profitable then traditional listings?

The reason I ask is because I am finding that all my ON market properties are way overpriced and would be a waste of time if I was to submit offers 100k less than asking (100k less than asking is an example of a duplex I just researched). I am still looking for my first property and would love to hear yall's stories on how you utilized off market deals and the systems you've created to help you find them.

Let me know if you are located in the Tucson area, I'd love to network. 

Any and all comments are welcomed! Thanks for taking the time to comment and share.

[Joseph Firmin]

Hi @Cade Olof, we've utilized direct mail, cold calling and via current property managers to find off-market deals. There are deals on the MLS, but you need to make the offer and think creatively - for example: If you can change a 2BR to a 3BR or finish out a basement to make it a duplex. You could also keep track of expired listings and making offers on those via the MLS. The "system" we use in one market is to quarterly mail every multifamily owner in town - that has resulted in over a 25% response rate. This was with a very targeted list.