May 8, 2024 Justin Jesso
Are you interested in 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 avid homeowner looking for a bargain, finding a good deal is important. In this comprehensive guide, I'll explain the six strategies I use to get great deals and share some recent examples.
Video: Finding a Real Estate Transaction Strategy
Real Estate Transaction Strategy Video
6 strategies for finding bargains
MLS
Many people think that the Multiple Listing Service (MLS) is only for experienced investors. But that's a misconception. We've acquired numerous properties through the MLS, including a high-profile deal with an underground skate park. Owner-occupants can use the MLS to their advantage, especially during exclusive bidding periods for HUD homes, etc.
The MLS is geared towards real estate agents, but that doesn't mean you should put off using it. You can get started in one of two ways:
Work with an agent to find great deals Use the consumer version of your local MLS Most MLS systems have consumer versions, for example my local MLS is IRES but coloproperty.com has a non-agent friendly version.
Wholesale Trade
Wholesalers offer a treasure trove of off-market properties perfect for investment. These transactions lack the scrutiny of inspections and appraisals, but they do require fast action and thorough due diligence. Learn how to distinguish between profitable opportunities and potential pitfalls when dealing with wholesalers.
Read my article on wholesale for more information.
networking
Networking isn't just for job seekers. It's also a powerful tool for real estate enthusiasts. Nurturing relationships with industry professionals, from lenders to fellow investors, can help you get the inside scoop on deals. This might just be as simple as telling everyone you know that you're looking to buy real estate.
Our recent townhouse resale came about through our bank connections, highlighting the value of a strong network.
Check out my post on Real Estate Investor Associations and Clubs for more information.
Direct Marketing
Direct marketing involves actively reaching out to homeowners who are looking to sell their property. Postcards, bandit signs, and digital ads are just a few of the ways you can connect with motivated sellers. It takes persistence and patience, but this approach can deliver incredible results, as our success stories prove.
Read my article on direct marketing.
auction
Auction houses are a unique vehicle for acquiring distressed real estate at competitive prices, but they come with inherent risks, including limited visibility and tough bidding conditions. Find out how we navigated the complexities of auction buying to take advantage of favorable market conditions.
Read my posts on foreclosures and auctions.
Education and Resources
Education is the most important thing. If you are not proactive in studying, you may be wasting a lot of time and money.
Investing in comprehensive courses like those offered on our platform will equip you with the knowledge and tools you need to succeed in the real estate industry. From deal-finding strategies to financing insights, these resources will empower you to make informed decisions and navigate challenges effectively.
My “Master the Deal” course teaches you everything you need to know to find a great real estate investment deal.
Special Note: Master the Deal is on sale right now! Use this link to get it for just $1.99 ($29)! https://learn.investfourmore.com/purchase?product_id=5460501&coupon_code=HP84987
Final thoughts
The opportunities for investors and residents alike are endless. Taking a multi-faceted approach to your search and utilizing the resources available to you will help you get in more deals. Whether it's scouring the MLS, building 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. Good luck!