Tulsa, OK · Member since 2020 · 22 posts · 8 votes
Hi everyone I'm new to BP and I wanted to know the best way to find deals. Ive been driving around the Broken Arrow & Tulsa area, looking for different sizes of plexes so I can move into one and rent out the others. But I'm not opposed to finding other single family deals. Is there a better way then just driving around to find those deals?
To find deals, one can go online to your favorite real estate website, such as Zillow or Trulia, and find a lot of "deals" that may not be deals to others. What is your criteria for a "deal", such as returns, cash flow, appreciation? These should be decided upon before ever looking for "deals" as you will be running around chasing after "deals" that may not really be deals.
if you are driving you need to narrow it down to just a few neighborhoods and become very familiar with them. Duplexes are a tough market right now. As of yesterday there were only 8 active duplexes in the entire metro area. This includes all of the suburbs. Get on the local FB groups for RE investing. The wholesalers int he area post all their deals there.
Best ways- agents, Zillow, wholesalers, SOI, cold calling/texting, local groups, FB, Craigslist, and door knocking. List goes on and on. Find a few ways and double down on them.