Finding off-market Properties ONLINE

[Julian Mavunga]

I'm a rookie real estate investor focused in Indianapolis, IN. My full time job is playing professional basketball overseas and I've only been into flipping houses for the last year. I find it kind of hard to find quality deals through just the MLS. I mostly use Zillow and Trulia which is how I've bought all three properties I've purchased in the last year. With that said, I've noticed that a lot of deals tend to happen off market, without ever hitting the MLS. So as someone who is trying to play an active role in finding off market properties when I'm on the other side of the world, what's the best way to do so?

[Zach Hoereth]

@Julian Mavunga Although there can be some decent deals to be had on the MLS... the best opportunities to be had are those that never hit the market. Indianapolis is a very small market in the grand scheme, but it can be well worth your time to establish relationships with brokers and wholesalers that control a majority of the deal flow within the market. If you already have a team of inspectors, contractors, project managers, etc you are just missing the deal flow. If you can prove that you are a consistent closer to those that are sourcing deals you should not have to step foot in the market.

I would encourage you to reach out to those doing deals to get on their lists so that when opportunities come up you can be one of the first to gain access. Remember.. you are in a very competitive market, so the more responsive you are the better. If you are slow to get back with brokers and wholesalers you will with out a doubt lose out. Be prepared to run quick analyses and get back with them provide feedback. Know your numbers! Hope this helps. 

Cheers,