How To Find Good Deals

[Account Closed]

I Just wanted to get some insight and advice from the BP Community on Where are you guys/ladies finding Good deals @. Rather it be multi family properties and also Single Family homes. I don't have access to the MLS so i have been searching Redfin, Zillow, and even Craigslist. Any suggestions or advice?

[Adam Johnson]

There is no "right" answer. Honestly, you need to look everywhere. Talk to people in your network (and keep growing your network of people to talk to), let them know what you do and what you are looking for. Put a small ad in a local Pennysaver paper, if there is one around you. Keep it simple. Something like "I buy real estate. Looking to sell? Call me first....." Keep it cheap and simple. Keep your eyes open. If a property catches your eye, find out from the County Treasurer where the tax bill goes. Write a letter stating you might be interested in buying the property, but need to know more info. Talk to a local Realtor (preferably somebody familiar with investing and referred by another investor) and ask if they can set up automated searches to send you properties off the MLS that might fit your search. If they do, it is courteous to have them represent you as the buyers agent so they can make their commission.

That gives you a few ideas, but shouldn't be considered all inclusive.  Keep your eyes open all the time.  Eventually deals will become easier (never easy) to find.

Good luck.  Happy investing!