Real Estate Deal Strategies for Investors and Owner-Occupants

Are you curious about the real estate deal strategies I use to keep getting great deals in today’s market? Whether you’re an investor eyeing your next property flip or an eager homeowner searching for a bargain, the hunt for great deals is critical. In this comprehensive guide, I’ll cover the 6 strategies I use to get great deals and I’ll show you some recent examples.

Video: Finding Real Estate Deals Strategies

Real Estate Deals Strategies Video

6 Strategies for Finding Deals

The MLS

Many believe that the Multiple Listing Service (MLS) is exclusively for seasoned investors. However, it’s a misconception. We’ve acquired numerous properties through the MLS, including one notable deal featuring a basement skatepark. Owner-occupants can leverage the MLS to their advantage, especially during exclusive bid periods like those for HUD homes.

The MLS is for real estate agents, but don’t let that stop you. You can either:

• Work with an agent to help you find deals.
• Use the consumer version of your local MLS. Most MLS systems have a consumer-facing version. For example, my local MLS is IRES, but they have a non-agent-facing version at coloproperty.com.

Wholesale Deals

Wholesalers offer a treasure trove of off-market properties ripe for investment. While these deals lack the scrutiny of inspections and appraisals, they demand quick action and thorough due diligence. Learn how to discern between lucrative opportunities and potential pitfalls when engaging with wholesalers.

For more, read my wholesaling article.

Networking

Networking isn’t just for job seekers; it’s a potent tool for real estate enthusiasts. By fostering relationships with industry professionals, from lenders to fellow investors, you can be made aware of deals. This one may be as simple as telling everyone you know that you’re in the market to buy real estate.

Our recent townhouse flip stemmed from a banking connection, underscoring the value of a solid network.

For more, check out my post about real estate investor associations and clubs.

Direct Marketing

Direct marketing entails proactive outreach to homeowners considering selling their properties. Postcards, bandit signs, and digital ads are just a few avenues for connecting with motivated sellers. While it requires persistence and patience, this approach can yield remarkable results, as evidenced by our success stories.

Read my article on direct marketing.

Auctions

Auction houses present a unique avenue for acquiring distressed properties at competitive prices. However, they come with inherent risks, such as limited visibility and stringent bidding conditions. Discover how we’ve navigated the complexities of auction purchases and capitalized on favorable market conditions.

Read my post about foreclosures and auctions.

Education and Resources

Above all, education is the most important. If you’re not actively studying, you may be throwing away lots of time and money.

Investing in comprehensive courses, like those offered on our platform, equips you with the knowledge and tools needed to thrive in the real estate arena. From deal-finding strategies to financing insights, these resources empower you to make informed decisions and navigate challenges effectively.

My Master the Deal course walks you through everything you need to know to start finding great real estate investment deals.

Special note: Master the Deal is on sale now! Use this link to get it for just $199 $29! https://learn.investfourmore.com/purchase?product_id=5460501&coupon_code=HP84987

Final Thoughts

There are countless opportunities abound for both investors and owner-occupants alike. By embracing a multifaceted approach to deal sourcing and leveraging available resources, you can open yourself to many more deals. Whether you’re scouring the MLS, cultivating relationships, or exploring alternative channels, persistence and diligence are key to achieving your real estate goals.

Remember, the next great deal could be just around the corner. Happy hunting!