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All Forum Posts by: Hector Surratt Sosa

Hector Surratt Sosa has started 10 posts and replied 19 times.

In a world where everyone has access to Zillow, Redfin, and the MLS, do off market deals remain the last true advantage for investors?

Some say the best deals never hit the market—secured through relationships, networking, and creative sourcing. Others argue that with the rise of tech and data, off market deals are becoming just as competitive.

So, what do you think? Are off market opportunities still the best way to find undervalued properties, or is the playing field leveling out? Let’s discuss. 👇

Quote from @Joe Villeneuve:

The general RE market only applies, or should only apply, to homeowners. Any REI worth anything, can invest in any "general RE Market", and make money. Deals, for REI, are not found...they are made. Deals comprise of two parts, cash out of pocket, and how someone/something else pays for the rest. This means REI look for markets that are specific, not general, and they apply the appropriate strategy to that property to make that deal.

 Great insight! I agree that successful REIs create their own opportunities by applying targeted strategies to specific markets. It's all about leveraging the right tools and knowing how to structure deals effectively. In your experience, what are some key strategies you’ve found most effective when identifying those specific markets?

The real estate market is in constant flux, and those who understand and adapt to these shifts can stay ahead of the competition. Right now, inventory shortages are keeping demand high, despite higher interest rates. This presents both challenges and unique opportunities for savvy investors. 💼

Are you pivoting your strategy to account for these changes? What trends are you seeing in your market, and how are you adjusting your approach to maximize returns? Let’s start a conversation about the strategies that are working (or not working) in today’s environment. 🔑

Quote from @Ken M.:
Quote from @Hector Surratt Sosa:

With inventory still tight and competition fierce, how are you sourcing deals right now? Are you sticking to direct mail, networking, MLS, or getting creative with off market opportunities?

I’m always looking to connect with other investors, wholesalers, and agents to exchange insights and strategies. What’s working for you in this market? Let’s start a conversation! 👇

I don't get that far north much, but Oki City is supposed to be a good spot. You are actually close enough to do some wholesaling.

Good to know! I’m always looking for solid opportunities. Are there any particular strategies or neighborhoods in OKC that stand out to you?

With inventory still tight and competition fierce, how are you sourcing deals right now? Are you sticking to direct mail, networking, MLS, or getting creative with off market opportunities?

I’m always looking to connect with other investors, wholesalers, and agents to exchange insights and strategies. What’s working for you in this market? Let’s start a conversation! 👇

Quote from @Angela Harding:

Great Topic Hector, 

I've been in the real estate industry since 2000. I have seen government shut down, the crash of 2008, national speakers selling the next best shiny coin and so many other things that affected the real estate market and/or either aided or hurt real estate investors. 

I think the most important thing to always keep in mind is not to plan for getting rich quick in real estate. Most people that made huge amounts of money after 2008 were already investing and the right opportunities came up because they were ready. Always be ready for a down turn, but don't wait for one. 

My students and investors that have done the best in real estate always buy distressed homes, put money into the rehab and hold them for long term rentals. Others were lucky enough to buy when prices here were very low. Toledo is not the best short term rental area because it is not a tourist area. Therefore, long term rentals here do much better. 

I'm also a big fan of buying and rehabbing, providing good turn key homes for those who cannot pay cash for distressed homes. But we use this strategy to create more available funds for future purchases and to help build a good long term rental portfolio. Returns in Toledo use to be crazy. 25% to doubling your money was common. Now our returns on both rentals and rehabbing are closer to 12% to 20%. Of course you have a big winner here and there but that is the average if you are consistently buying. 

I love to hear about success in other areas so please share what has worked in the past and what is working now in other states. 

Great insights! It's clear that long term, steady strategies like buying distressed homes and focusing on rentals have proven successful over time. Staying ready for opportunities and not chasing quick wins is key. Thanks for sharing your experience; it’s always helpful to learn from the successes of others!

In Oklahoma, cities like Oklahoma City and Tulsa are seeing steady growth. Home sales in Oklahoma City are expected to increase by over 8% this year, and prices are holding strong. Renovating properties and focusing on long term rentals has been a solid strategy here lately.

Would love to hear what’s been working for others in different states!

Sounds like a solid strategy. Sticking to the numbers and avoiding the hype is a smart way to stay on track.

In real estate investing, one thing that consistently challenges even the most seasoned investors is timing the market. Whether you're eyeing an up and coming neighborhood or trying to predict the next downturn, it’s always a gamble to wait for the 'perfect' moment. 🕒

It’s easy to fall into the trap of waiting for ideal conditions, but in doing so, opportunities may slip by. Being proactive and staying focused on the long term picture can often be a more effective approach, even during uncertain times.

For those of you who have weathered different market cycles, what strategies have you used to navigate periods of market uncertainty? How do you identify a good deal when things are fluctuating? Let’s get a conversation going and share insights! 💬

Oklahoma’s real estate market in 2025 is full of opportunities. Here’s what you need to know:

1. Growing Cities 🌆
Oklahoma City & Tulsa are seeing job growth & infrastructure development, attracting more residents.

2. Low Housing Supply 🏘️
Suburban areas have limited inventory, creating opportunities for new construction & renovation projects.

3. Rising Interest Rates 💸
Higher rates present challenges, but also opportunities for cash buyers to acquire distressed properties.

4. Booming Rental Market 💼
Rising rents in college towns & urban centers make rental properties a solid investment.

5. Commercial Growth 🏢
E-commerce growth is driving demand for industrial & warehouse spaces great news for commercial investors.

6. Key Trends to Watch 👀

  • Suburban growth
  • Affordable housing demand
  • Green building practices

7. Investor Strategies 🔑

  • Renovate in high demand areas
  • Seek off market deals
  • Consider long term rentals

Stay ahead of these trends and make smart investments in Oklahoma’s growing market! 🚀

Hey BP community! Wanted to share a quick breakdown of why off market properties can be a goldmine for real estate investors and some strategies for finding them.

Why Off-Market?

  • ✅ Less competition: Without the MLS listing, you're often facing fewer buyers, which can mean better pricing.
  • ✅ Negotiation leverage: Direct sellers often provide more flexibility on price and terms.
  • ✅ Hidden potential: Sellers are typically motivated and might be willing to let go of properties at a discount due to personal reasons, not just financial ones.

Where to Find Them?

  1. ➡️ Direct Mail Campaigns: Sending targeted letters or postcards to property owners in specific neighborhoods or situations (e.g., absentee owners, high equity).
  2. ➡️ Driving for Dollars: This old-school method involves driving through neighborhoods, looking for distressed properties that might be ripe for a deal.
  3. ➡️ Networking: Building relationships with wholesalers, real estate agents, and other investors is key for hearing about deals before they hit the market.
  4. ➡️ Public Records: Look for properties in probate, foreclosure, or tax lien situations that are often more motivated to sell.

Pitfalls to Watch Out For:

  • ⚠️ Condition of the Property: Off-market properties can often be in rough shape, so be prepared for repairs and factor that into your deal analysis.
  • ⚠️ Seller Expectations: Be cautious of unrealistic seller expectations or sellers who are just fishing for offers.
  • ⚠️ Title Issues: Without a thorough title search, you might inherit legal headaches.

Hope this helps clarify why off market deals are so valuable. Have you had success finding them, or do you have any tips on your strategies? Let’s hear it!