How do I find a great deal?

[Chad Duncan]

I have been doing some research and found out different places to find REO, pre-forclosure and foreclosure homes. My question is... What are other sites/places to visit where I can find better deals?

So far I have emailed multiple properties that are for rent and asked the owner if they were willing to sell.

What I plan on doing is putting up a couple signs, couple ads on craigslist and looking in the newspaper. I want to avoid knocking on peoples doors and calling them to ask to buy there home when they are going through foreclosure. I feel that would be really awkward.

What are some of the best ways to find great deals? I am located in Portland, OR if that helps.

Thanks

[John Horner]

Originally posted by @Chad Duncan:

@Jesse T.  So far I have received interest, but only at a 40% above what it's worth. So not working out as of yet. 

@John Horner I agree with your approach but don't plan spending tons of money on SEO and PPC. I will try to break into this field but it has a ton of money that I have to pour into it. 

@Kathryn Marchetti there are no deals on MLS in my area at the moment. 

 Again, you will get out of it what you put in.  I know wholesaling has this perception of being a no money down strategy for building capital and that's why literally EVEYONE getting started with no money wants to be a wholesaler.  The problem is that without money, it is VERY difficult to generate consistent leads.  This is probably why 99% of "wholesalers" don't ever do a deal and quit.