Off-market deal sourcing is the discipline of finding properties to buy before, or instead of, their appearance on the open market, then profiting by putting them to one of the standard exits.
Log in to followThis is a small one but it's my first contract so I'm writing it up. I'd been driving a couple of older streets after work with a notes app, writing down anything with a full mail…
I've been the analysis guy in this room for a while so this is me reporting on the cure. The pull started as everything absentee in two zip codes with 50 percent plus equity, 4,10…
Closed this last spring, done unwinding it now, so here are the numbers. Off-market lead, tired landlord, 22 years of ownership, came off a mail campaign I'd been running for six…
Ran this from January to mid-April and shut it down. Writing it up because the arithmetic is simple and I ignored it for three months. Setup: two callers, part time, paid hourly p…
Writing this down because I think a lot of people preparing are doing what I did. I'm looking for one small rental to hold, not to wholesale, so my idea was to find an owner direc…
Contract at 212k on a 1970s three bed with a bad roof and a tenant on month to month. Comps supported 305k fixed. I'd sourced it off a stacked list, pre-foreclosure filing plus lo…
Numbers first, because that's the only part that transfers. Pull was absentee owners, 15 years or more of tenure, estimated equity above 60 percent, single family, no listing hist…
Vendor sold me what they called exclusive motivated seller leads, $200 each, minimum 20. Their pitch was that everything came from paid ads, so these were owners raising their han…