A method for finding non-market homes
A method for finding non-market homes
Post 2 - On a creative method to find homes that are not in the market
One of the big challenges today is locating deals that are out of the market. One of the things I learned in US real estate courses and found to be true is that usually sellers who do not use a realtor are not necessarily aware of the true value of the home or are considering selling you a home for the wrong reasons. Financial pressure, divorce, problematic tenant or focusing on another location.
When looking for homes that are not in MLS, the repository of realtors, there are many creative ways. Some go hand-in-hand with databases that are open to everyone. In Columbus, I really like working with the county website, typing home and rental addresses and finding investors with more than ten homes. The image below shows an example of such a familiar search).
So, two years ago we bought a bedroom 3, in HOOD, areas at risk as I like, at 19 thousand dollars only. A house that hardly needed a massive renovation, a little cosmetics. It all started when I called the seller himself (I discovered his phone number through other repositories) and asked if there was any asset he would like to get out of his portfolio. We continued with the check (house inspection) and we took it down from the original price and bought the house. The house was recently leased at $ 750 and is now for sale, again, at a price twice as high as its value.
In conclusion, when looking for new properties, do not settle for just the MLS. Also try to use the properties offered for sale in the brokerage pool in another way - in order to reach sellers of additional properties.
In the next post, we will find out how to find properties from a broker - but those that do not appear on the market, and we will get an idea that may be new to some of the forum participants שת
Link to the original post on the United States Real Estate Forum on Facebook - Works on a desktop computer:
http://bit.ly/2D0RXfX
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Thank you very much
Well done, Light, for the method creativity and many thanks for creating and sharing the video. ?
Osher Shiluk
Especially for Robert, and for those interested I recorded a video for you how I find owners with several properties on the county site: https://vimeo.com/308016131
A version with a higher volume will be released soon - in the meantime it is advisable to use headphones.
find
Motivated Seller
And here are all the treasures
Well done
Excellent!!!!
Investors with several assets in the portfolio will usually be aware of the value of the property they hold. Did you buy it below its market price?
Thank you!
There are many ways to find properties from Motivated Sellers. Guy Nizri has put us in order and will allow me to post his post
I did not really understand .. I'd be happy to get another explanation
Very interesting .. Thank you for Insight
Thanks Or. It is definitely important to be creative in real estate. Well done for the way you got into the deal.