Work this correctly and you can close a deal never visiting the property. With pictures in hand, it will be easier to speak with cash buyers if you’re wholesaling and to general contractors if you’re flipping. You get charged $25 to $50, but that’s a small amount to save a few hours and get the contract signed fast without physically going to the property. Life Hack: If an agent insists you see the property before accepting an offer, send a service like BPO Photo Flow. Worst case scenario with a blind offer: they insist you see the property and reject your offer. If an offer comes in at a fair price, contracts can be signed the same day (even in a few hours).Ĭonsequently, you may waste quite a bit of your life (and gas money) trying to see the property that you don’t have under contract.īy the time you go out to the property, look around, and drive home it may already be under contract with another buyer that submitted a blind offer right away.
Submit Blind Contracts The First Dayįirst of all, real estate agents don’t always want to show the property! Motivated sellers often wish to sell immediately. Otherwise, you will be bombarded with too many properties to review. Filter out property that doesn’t fit your investment criteria (price range, property type, geography). Set up notifications for listings (through MLS, not through sites like Zillow that lag behind). You can’t act immediately without near instantaneous knowledge. Set-up alerts for new listings, cancellations, and price reductions. Here is how to effectively “act fast”… Auto-Update On New ListingsĪuto-notifications are a competitive advantage in hunting MLS deals. You have a very brief timeframe to submit and get your offer accepted. MLS listings draw substantial interest in the first 24 hours. Strategy #1: Act Fast (And How To Do It!) Click on every cylinder to generate a deal in this competitive space. I recommend applying these strategies concurrently to maximize your chance to score an MLS deal. This article outlines actionable strategies that I use to do this day. I’ve worked the MLS for five years and have fine-tuned the process to be a regular deal funnel. If you pay attention, wholesalers, rehabbers, and landlords secure deals on the MLS – some extremely lucrative. However, it can still be a source for deals. The MLS has plenty of volume-but plenty of competition. When your cash is limited, it’s natural to search the MLS. Unfortunately, when you’re breaking-in, that kind of funding is rarely available. Established investors spend thousands each month on direct mail, online advertising, and telephone operators. Low volume campaigns-besides strokes of luck-don’t offer enough leads for consistent deals. Are you a new investor hunting deals on a shoe-string budget?įinding “hot” off-market real estate deals is expensive.
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