Option#1 FSBO Deals:
1. Go to www.craigslist.org and pick the area where you want to invest.
2. Click on the HOUSING tab directly under your city name.
3. Switch the in ALL HOUSING to FOR SALE – BY OWNER to the right and individually type in the following words: EQUITY, FIXER, INVEST or CASH in the search engine to the left.
4. Call anyone that looks like it might be a good deal for your buyers That have been posted in the past 1-3 days.
Option #2 FSBO Deals:
1. Find the free online classifieds for the major local newspapers and get in the habit for searching the FSBO’s that came out in the last 1-3 days.
Option #3 Listed Properties:
1. Go to www.zillow.com to search by county, city or zip code for properties that match your buyers criteria that either just hit the market in the past 7 days OR that have just had recent price reductions.
For options 1-3: Once you have the address and asking price you simply compare the asking price to the average $/ft^2 of the 5-10 closest best comps in the area using the “see sales similar to xyz address” feature and zooming un until you have between 5-10 which SHOULD give you a very legitimate value. More often than not Zillow is very close, but because Zillow doesn’t differentiate between mobile homes, condos, townhouses and single family residences or for properties that have or have not been renovated, you will need to select them accordingly. Only the properties that you see with 20% or more difference between the asking price and the Zestimate are worth further investigation.
Option #4 Listed Properties:
1. Get an agent to get you deals that match your Buyer’s criteria at a price that gets you paid. So if your buyers wants 30% Equity after all costs, get him 35% or if they want to make $20K after all costs you say $25K, etc.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
FINDING DEALS:
Option#1 FSBO Deals:
1. Go to www.craigslist.org and pick the area where you want to invest.
2. Click on the HOUSING tab directly under your city name.
3. Switch the in ALL HOUSING to FOR SALE – BY OWNER to the right and individually type in the following words: EQUITY, FIXER, INVEST or CASH in the search engine to the left.
4. Call anyone that looks like it might be a good deal for your buyers That have been posted in the past 1-3 days.
Option #2 FSBO Deals:
1. Find the free online classifieds for the major local newspapers and get in the habit for searching the FSBO’s that came out in the last 1-3 days.
Option #3 Listed Properties:
1. Go to www.zillow.com to search by county, city or zip code for properties that match your buyers criteria that either just hit the market in the past 7 days OR that have just had recent price reductions.
For options 1-3: Once you have the address and asking price you simply compare the asking price to the average $/ft^2 of the 5-10 closest best comps in the area using the “see sales similar to xyz address” feature and zooming un until you have between 5-10 which SHOULD give you a very legitimate value. More often than not Zillow is very close, but because Zillow doesn’t differentiate between mobile homes, condos, townhouses and single family residences or for properties that have or have not been renovated, you will need to select them accordingly. Only the properties that you see with 20% or more difference between the asking price and the Zestimate are worth further investigation.
Option #4 Listed Properties:
1. Get an agent to get you deals that match your Buyer’s criteria at a price that gets you paid. So if your buyers wants 30% Equity after all costs, get him 35% or if they want to make $20K after all costs you say $25K, etc.
__________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125