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Other Ways to Find Deals

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Driving for Dollars: �What to look for

Boarded up windows

Poor landscaping

Dirty and signs �of vacancy

No cars or cars that have �been parked a long time

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Cold Calling

Better after sending letters
Script in document library
Do what other people are not willing to do
Hire stay-at-home to set appointments

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Jacob Blackett

Sterling White

"Before we met Rod we did not have any multifamily property. We now have over 1221 units!"

Jacob Blackett

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Other Ways to Find Deals

Classified of Newspaper
Mom and Pop Owners
Smaller Deals
We found a 19 unit that only 2 people called

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Craigslist

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3 Methods to Maximize �Success on Craigslist�

Reach out to properties in the for sale section

Post ads saying you buy multifamily properties

Cold call “for rents”

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Reach out to Properties in the �For Sale Section

Craigslist Email Script

Hi, my name is _____. I’m sending this message in regards to�your duplex for sale at ___________________.

I’m a local real estate investor, and buy properties very similar to yours in the area. I’m highly interested and would love to get some more information from you regarding the property. I would love to talk soon.

My contact info is:

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Post Ads Saying you Buy �Multifamily Properties

Focus on pain points:

“Sick of dealing with problem tenants?”
“Tired of late rent and evictions?”
“Is your income property not producing any income?”

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Brian A I got my first deal off Craigslist! A 36 unit for around $1M. It works

There are strategies that work very well with Craigslist

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MLS/Agents

A solid and reliable residential agent is a great resource
Set guidelines

First, you’ll want to have them set up an alert for each multifamily property that hits the MLS.
You’ll next want them sending you anything that fits your criteria.
Make an offer:

On all properties that fit your requirements for size, price range, number of units, etc.
On any foreclosures, HUD properties, bank-owned, and short-sales
On any multifamily properties that are labeled “as-is, vacant, and price reduction”

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Properties WITH CODE VIOLATIONS Often Fly Under the Radar

These leads are often some of the most motivated sellers you can find
This strategy goes hand in hand with driving for dollars, as many properties with overgrown grass, are vacant, poorly taken care of etc. will have code violations as well

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Target Owners Going Through Evictions

You ideally need to go to the courthouse to get a feel for the local eviction climate

Some information will be online, but most effective to have face time with the owners immediately after the case is finished
Typically, evictions take place on the same day each week or month
Attend the cases and start a conversation with the owner.

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Networking with Probate Attorneys

Great way to get off-market deals
The best way to get the ball rolling with them is to call and ask if you can come in and have 10 minutes of their time

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Buying from Banks

Banks don’t want properties on their books
They are not in the real estate management business
Set up relationships with local bankers
You’re a problem solver!
Become their go-to guy/gal

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Other Ways to Find Deals

Service Companies who work in industry
Pool guy, window repair, landscaper
Ask these guys if they know anyone who might be selling soon
Sellers will say “I’m going to sell soon, we’ve got to make the place look better”
Offer a finders fee

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Q&A Time

Ask Questions

Clarify any concepts from today's session

Share Insights

Contribute your perspective on market analysis

Group Discussion

Learn from peers' questions and experiences

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Content Schedule

Access the full program calendar with upcoming classes and events & meeting Links.

https://www.addevent.com/calendar/oK860101

Call Recordings

Recordings of all scheduled calls and virtual meetings will be found in your online course portal

Resources & Call Recordings