What do I do once I find an off-market deal?

[Tyler Whatcott]

I'm getting ready to start looking for off-market deals through driving for dollars and direct mail. My question is, what do I do once I find a deal? I'm very new at this and want to know what I should expect before getting started. Do I need a realtor to do the deal once I find one? What's a good book, or guide for the whole process of closing a deal once found?

[Jim Kalish]

Wow my friend. That's an entirely different discussion. Yes you can try to get a loan from a bank just like any other home purchase. But quite often off market deals you find from Driving for Dollars or mailings are homes in distress. Investors quite often make cash offers on these properties. If the home is on good enough condition to get by the banks appraiser then there is a good chance you won't be buying at a substantially reduced price. But if you do find that needle in a haystack you can certainly get a conventional loan.