Have you thought of these three connections to find inventory?

[Andrew Propst]

In a number of markets across the US, as you know, inventory is the lowest it has ever been, driving the prices higher.  Inventory is almost impossible to find these days, but it still can be done with making the right connections.

We've been guided with common and alternate approaches to dig a little deeper to find good investment properties, approach homeowners directly, checking online classifieds, social media, FSBO…….But here are three ideas when quality time in effort has been invested has paid off big:

Contact Property Management Companies

Find them, call them, network with them, and find out if they have owners that plan to sell.

Contact Self-Directed IRA offices

In some ways, a self-directed IRA is like a traditional IRA or a Roth IRA. The account is designed to provide tax advantages, and participants must follow the same eligibility requirements and contribution limits. The difference lies in the type of investments you can hold in the account. While a traditional IRA or Roth IRA might be used to invest in CDs or mutual funds, a self-directed IRA can be invested in many other alternatives including real estate.

There are times that holders of these types of real estate will need to sell their investments and being able to connect with a custodian or trustee of these types of investments can provide a unique lead for a sale.

Contact Tax Accountants

Ask for referrals, if they have clients that are looking to off load some real estate investments.

Contacting these three service providers could be the key to finding your next off market megadeal;…….good luck, and good hunting!