This deal and the one before it came about from networking, building a relationship with my property manager, an investor friendly realtor, and learning what makes a deal a deal.

@Justin PumprAs real estate investors, you should stabilize your portfolio, focus on debt management, adjust contractor relationships, implement stricter risk management, and tighten underwriting criteria.

Also, if you have a long-term relationship with a local attorney, they may offer a discount for repeat business.

The majority of buyers appreciate the expertise that a good agent provides (local market knowledge that can only be gained by being active in the market buying and selling all the time, looking at most of the new listings in person or at least online daily, a background in or at least understanding of building construction, relationships within the network of professionals in the industry doing deals, vendor referrals, legal protection through E&O insurance and keeping up with constant changes in approved contracts and required disclosures and forms, negotiating skills (the average person is terrible at negotiating directly and has no desire to, I find Americans are uniquely averse to negotiating and prefer to outsource it but I digress), etc.).

However, if you know and have a relationship with the person/team that will be doing the rehab for you in your absence and trust they have your vision in mind then you are in a better place to start. 

You can also use your relationships and where you work to launch MTR properties nearby.

Off-market pocket listing from a long-time broker relationship How did you finance this deal?

Find some local REI meet ups to build real relationships with other investors and rental owners in your area.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Im a newly licensed real estate agent in San Diego looking to connect with local agents, investors and wholesaler in the area. My goal is to learn the market and educate myself on investing here. Me and my husband hav...