Struggling to land your next rental property? Even in today’s housing market, there’s a great deal out there with your name on it—you just need to know where to look. In today’s episode, Ashley and Tony will share their favorite strategies, software, and tools for finding real estate deals so that you can start getting a little reward for your effort!
Welcome back to the Real Estate Rookie podcast! Sourcing deals is hard work, but maybe you’re making things harder for yourself. Today, we’re starting at square one by showing you how to determine your purchasing power and build your buy box. From there, we’ll introduce you to several strategies that will help you find on-market deals that fit your criteria and off-market deals that typically fly under the radar. How many of these deal-sourcing strategies should you use when starting out? Stay tuned to find out!
Along the way, we’ll show you different software and tools you can use to get organized, track your leads, and find off-market property owners. Regardless of your investing strategy—house hacking, BRRRR, or flipping houses—our approach will help you lock up your next deal in no time!
In This Episode We Cover:
How to calculate your purchasing power and build your buy box
How to find deals on the MLS (multiple listings service) that match your criteria
Creative strategies to help you source more off-market properties
Software, tools, and tips to help you manage and follow up on leads
Using the skip tracing method to find off-market property owners
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Ask Your Question on the BiggerPockets Forums
BiggerPockets Deal Finder
BiggerPockets Calculators
Become a BiggerPockets Pro Member for Free Invelo Software
PropStream
??Xome
Auction.com
Hubzu
HudhomesUSA.org
U.S. Department of the Treasury
onX Hunt
LandGlide
Ballpoint Marketing
Investorlift
Privy
Mojo Dialer
Carrot
Monday.com
RESimpli
REI Reply
Asana
Loom
Buy the Book “Real Estate Deal Maker”
Find an Investor-Friendly Agent in Your Area
See Ashley and Tony at BPCON2024 in Cancun!
Real Estate Rookie - Episode 416: How to Find & Fund MORE Real Estate Deals in 2024 (Tips from a PRO!)
(00:00) Intro
(00:51) What's Your Purchasing Power?
(02:17) Building Your Buy Box
(07:55) How to Find On-Market Deals
(12:22) How to Find Off-Market Deals
(19:30) Tracking Your Leads
(24:10) Choose Your Strategy!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-453
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Real Estate Rookie