OFF-Market Deals Northampton and Lehigh County

[Armando Lopez]

Hi,

I'm looking to possibly invest in either Northampton or Lehigh County, preferably Off-market deals that are not on the MLS

Would appreciate some ideas on how to approach it.

Thank you in advance!

[David Ribardo]

@Armando Lopez welcome to the area. The Lehigh Valley and Allentown are an excellent market with some great appreciation, favorable landlord tenant laws, and adequate availability of deals. 

Be careful - there are lots of predatory individuals selling off-market deals to new investors in a way that could get you in trouble. Lately I've been seeing a trend of properties that were listed on the MLS, didn't sell, and a wholesaler is now promoting them as "off market opportunities". One of these we had under agreement for $530k with the seller paying all agents commission, it fell through because of maintenance issues. Now a wholesaler is now promoting it for $600k, plus the buyer paying a $18,000 commission on top of that. Some of my clients got real excited about this as a potential opportunity, but they had quite the shift when I told them exactly how low the seller was actually willing to go!

Make sure you choose experienced professionals when you build your team. Your agent needs to have personal investing experience with the types of deals you do - this is specific to flips or buy/hold properties. I highly recommend they are local to the market you choose, and have closed at least 20+ deals in the past year. Welcome, and good luck!