Unlocking Off-Market Property Opportunities

This chapter explores effective strategies and tools for locating off-market real estate properties, with a focus on the capabilities of PropStream. It also discusses seller financing options and delves into the complexities of purchasing properties in pre-foreclosure.

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Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there’s one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal!

Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure—including when it makes sense to buy a property “subject to.” They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you’re an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

What you MUST know before buying a property in preforeclosure

When it makes sense to buy a property subject to (and pay the extra costs!)

Critical data points you MUST include in your market analysis

How to buy materials for home renovation projects when investing out-of-state

How to list your investment property for rent (and pitfalls to avoid!)

The investing hack that will save you a TON of money on materials

And So Much More!

Links from the Show

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Ashley's BiggerPockets Profile