Finding Off Market Deals - NOW WHAT?

[Brian Waller]

Hello,

Can someone point me to some educational material on executing off-market deals? Most of the content I find speaks to FINDING deals but little on next steps once you've got a willing person on the other side of the deal?

We're very close to actionable next steps towards our first multifamily owner occupied. West of Cleveland Ohio. Lakewood, Rocky River to be specific. Been stacking dry powder and ramping up education where possible.

Hypothetically, after successful skip tracing, door knocking, and cold "calls", once we find a potential deal. Can someone walk me though getting the deal done?

I do have a close friend who is a realtor if that would be a lever to pull on to help simplify...

Appreciate any guidance. 

Brian

[Andrew Weiner]

Do you want to whole sale the deal or buy it outright?  If you are buying it directly you can send a purchase agreement, I’m sure you can find out online, and then get started with a title company.  This is a bit over simplified but if you have a friend who is a realtor they can probably recommend a title agency.   If you are financing then there are a few more steps but the lender should tell you what you need to do.

If you want to wholesale it then I have to say I’ve never done it personally but I think it’s not so far off, just you need to make sure you have the right to assign your purchase agreement.  I’m sure someone has some documents posted online.