So you want to find 10 deals per week. Let’s get into how to get you to reach that goal.
They say greed is good, maybe not always, but financially speaking it doesn’t hurt to want to bring in more money and find new ways to hit your goals. You’re in the real estate industry already but what you want to do is start finding even more deals, maybe yearly, maybe monthly, maybe weekly. Whatever the case is, I will try my best to help you find more deals.
After we get through this video hopefully you will be picking up deals left and right but first thing’s first. NETWORKING. You need to get yourself the connections and put yourself out there. Talk to more people and get your name out there so people know what you’re looking for.
You can’t do everything by yourself and you’ll need people to help you get these deals. Next, look into probate properties. One of the easiest ways to find probate properties is to simply go to your local probate court and ask to speak with the person who handles probate matters. It’s a good idea to ask for records that cover at least the last six months. You will be able to review all open probate cases and contact the executor or attorney handling the property directly. This will put you in the position to be the first person a potential seller speaks with.
Using direct mail to target motivated sellers is a great way to get yourself into deals. This technique must be targeted though. Reaching out to people who have recently retired or maybe just anyone who is older in age. Introduce yourself and find out a bit of information, ask if they’ve ever considered selling.
Use eviction records to find possible sellers. Homeowners might come to a point where they no longer want to keep going with renting out and maybe a house is just too much for them. This could be your chance to swoop in and make the offer. Many people want to avoid the process of paying agents and will actually post their home themselves. You can find these people on craigslist and this can sometimes give you a low-investment, low-commitment method for how to find off-market real estate deals.
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Allon Avgi is the Founder and CEO of AVGI. Allon started AVGI at 21 years old when he acquired his first real estate investment in Long Island, New York. Allon has since developed a diverse real estate holdings company that has reached $50,000,000 in rental properties within only 4 years using his own money and that of a select few individuals. As he starts to open AVGI’s investments to outside capital and build strategic partnerships, he has ambitiously set a target to acquire and manage a $1 billion real estate portfolio by the time he is 30 years old.