Aug 21, 2020
There was a time when buying a
property automatically meant
going through the multiple listing service. Now since we
have made ourselves quite familiar using the internet and social
media platforms, you need to think outside the box to find real
estate deals.
There's all kind of deals out there but you
have to set yourself up as the person that people bring those kind
of deals too.
One
of the first things I teach in my course 90 Days to
$5K is how to network and how to get your name
out there as somebody who is looking to buy apartment buildings
this year.
The
more people you can tell, the more deals come your way. I have seen
people posting to their Facebook page saying something like; "I am
taking on something new this year. I signed up for the new course
and I am learning how to buy Multi-Family property and if any of
you know of someone who is looking to sell multi-family property,
I'd love to hear from them. Send them my way."
Yes,
you can post it to multiple social media platforms, such as
Linkedin, respective Facebook groups and don't just do it once.
Come back to it again and update yourself once in a
while.
Explain exactly what you're looking for. For
example, if you're looking for 5-plex or more and also write down
in what location you're looking for.
Advise: Don't limit your area where you're
looking for especially when you're learning. Since you could find
your best deal half way across the country.
In my
course, I also teach how to build your power team so that you don't
have to look after that property if you live half way across the
country.
Also,
the right networking approach gives you a proverbial crystal
ball when it comes to off-market properties. There are many people
you should keep in your inner networking circle.
You should have relationships with
realtors, mortgage brokers and attorneys and they are one of the
best resources to find a deal for you. As I have a very strong
relationship with realtors over the years, I've been getting deals
all the time. Just this week alone, I got two 8-plex and a 40-units
mobile home park across my desk.
In addition, if you are actively
engaged with other investors and you know what you're doing then
you may be able to get in on larger investments than you could find
or do on your own if you're invited to participate in a joint
venture. Deals could quite literally come right to your doorstep if
you know the right people.
When you know what you're doing and
speak to your network in a professional manner, I am sure you'll be
able to find the deals for yourself.
And if you're not getting deals, then
you're not letting yourself be known as a go to
person.
So if you want to learn how to find
the deals and scale your Real Estate Portfolio, reach out to
me edna@ednakeep.com
Or
Schedule a Free Call with me.
https://go.oncehub.com/ednakeep
Edna