Off Market - Opportunistic BRRR

[Roy Logan]

Closing soon on my first off Market deal.

Wondering from the community with more experience in off Market deals... Your most important tactic you follow when to you find a deal and want to secure it?

[Nicholas L.]

@Roy Logan

can you be more specific?  when you find a deal and want to secure it, you put it under contract.

[Caleb Brown]

As Nicholas said not really sure any other way then putting it under contract. If it's a good deal offer and get it done

[Roy Logan]

Maybe more so tactica used to find deals?

[Nicholas L.]

@Roy Logan

either

1. your own direct marketing to property owners, or 

2. through someone else (a wholesaler, another investor, your network, your uncle's neighbor who wants to sell their house and doesn't want to list it and tells your uncle)

[Roy Logan]

Quote from @Nicholas L.:

@Roy Logan

either

1. your own direct marketing to property owners, or 

2. through someone else (a wholesaler, another investor, your network, your uncle's neighbor who wants to sell their house and doesn't want to list it and tells your uncle)

 Hey Nicholas - Thanks for the reply! I haven't tried direct marketing... definitely makes sense. I used number 2. my neighbors neighbor need to sell house now. Just felt a bit lucky.

[Jake Baker]

@Roy Logan

Immediate Communication - Respond quickly to the seller or wholesaler to show you’re serious. Time is critical, especially in competitive markets.

Clear Offer Terms - Present a firm offer with terms that make the seller feel confident that you can close fast, with minimal contingencies or proof of funds.

Due Diligence Preparation - Have your financing lined up and know your repair/rehab costs in advance so you can move quickly without second-guessing.