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Updated about 5 years ago on . Most recent reply
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New Investor from Brooklyn, NY looking for my first property
I'm New to the Real Estate Platform and looking to invest in my first property somewhere not too far from where I live in Brooklyn, NY, preferably not more than an hours drive. It bothers me that the cash is sitting and waiting and I've yet to find a property to invest in because I have no idea where to find a good deal. Browsing online sites hasn't gotten me anywhere and after contacting a real estate agent or two, all they sent me was a huge list of properties from the mls to sort through with nothing promising. I have some family and friends that have invested but they are very vague when it comes to their work. Maybe they're afraid I'll find out their secrets? I think there is enough business to go around in this field. Perhaps someone here can give me some tips on how to make connections? Do I call all major real estate agencies? I've spoken to some but they weren't really interested in helping me or never returned my calls. I would love to hear from you all!
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Hey @Rachel Perl, Theres a multitude of ways to find investment properties. I personally make a lot of detailed post about digital marketing methods. Specifically PPC and you can find my good SEO friend @Jerryll Noorden talking about well you guessed it SEO (Search Engine Optimization).
Other common methods are as one you discussed is MLS listings, direct mailing, bandit signs, driving for dollars, and sometimes you have a deal that gets crossed by you by other people you know.
Good idea for you is too start interacting more and making personable connections with all people in the real estate niche. Lots of investors have already told me you never know who you will meet or where your next deal will come from.
Actually holding my own real estate meetup coming up in your area, if you would like more info on that just message me.
An unconventional way that I recently heard in a BP webinar was to reach out to people posting rental listings on Craigslist. Basically just addressing to them you are an investor looking for deals and that if he ever needs to sell your his guy, or however else you want to approach it.
Good thing about this method is its getting a lot colder out and thats the time when a lot of problems and headaches arise for investors, so allows you to provide that solution to their problem by providing an offer on their property.
Takes a little more grunt work but hey the person willing to hustle more gets the deals in my eyes.
Hope I was of help!