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Finding porperties both single-family and multi-family

Mary Valley

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  • 4 weeks later...

There are so many ways to find deals. Having a marketing plan with your message on how your services work is critical to your success. 
People want to do business with leaders and performers when dealing with Off Market Deals.

You must market every day over multiple media channels to get leads to come to you.  Google Adwords, Facebook Ads, Social Media, etc.
However if you want to do mailings, going after Probates, Inherited Property Trust, Code Enforcement, Fire Damaged, Evictions, Seniors List.. are all GREAT.

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Find properties in the "hidden market". The hidden market is properties with no for sale signs, no ads in the paper, not on the MLS or internet, and sometimes the owner does not even know his house is for sale until you ask. Look for distressed properties that look distressed with no pride of ownership. Find out who the owner is and contact them to see if they would sell it. You would be amazed at how many folks would sell if they are asked. I find estate properties, divorce situations, bankruptcy owners, folks that are behind on payments but the bank has not started foreclosure yet, I find 25-30 per week as I go out looking. Because you are the only one contacting them, you get better purchase prices.

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There are several tools available for your use in locating deals. Some are free and others come with a minimal cost.

1. Find a Real Estate Agent that understands what you want in a property If they are hungry for business they will find it for you. We purchased our first dozen properties with the same agent.

2. If you are not a member of a local Real Estate Investors Association, Join one. Go to https://nationalreia.org/ and click on find a local group.

3. Your local REIA has access to RealFlow a software search engine starting as low as $7.99 a month

4. Once you find a property look into House Canary here on uniting investors and get an accurate evaluation of what it can be,

If you don't have a local REIA go to www.ILREIA.com and join us to access phenomenal benefits of membership.

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