116: Rookie Reply: Can Agents Help You Find Off-Market Deals?

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 25 September 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week’s question comes from Mel on the Real Estate Rookie Facebook Group. Mel is asking: When working with agents, do your agents help in finding off-market deals, or do you mainly look for those as they send you on-market deals? While it isn’t uncommon for agents to have “pocket listings” (pre-market listings), most agents deal solely with on-market deals, working with buyers and sellers based on MLS listings. If you’re looking to find more off-market deals, you may have to incorporate some deal hunting strategies like driving for dollars, sending out direct mail, cold-calling, and door-knocking. Here are some suggestions: Look for investor-friendly agents who can bring “pocket listings” to you Even if you find your own deals, agents can help draft up purchasing documents Find agents who may have new construction contacts that can bring you pre-market offerings Ask buyers to split commission payments or offer to pay in full to sweeten the deal And more in the episode… If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Real Estate Rookie Rookie Facebook Group Real Estate Rookie Youtube Channel BPCON2021 MLS Check the full show notes here: https://www.biggerpockets.com/rookie116 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Real Estate Rookie episode 116.
0:07.8	My name is Ashley Care and I am here with my co-host Tony Robinson and we are getting ready
0:14.2	for the bigger pockets conference. I'm super excited you know I've never been to New Orleans and
0:20.5	I can't think of a better excuse to go to this lovely city then with hanging out my best friend
0:25.4	in the Real Estate world and and all the rickies that are going to be there with us. You mean
0:29.6	best friend in the whole wide world. Not just the Real Estate world. Exactly. I've got you pinned
0:35.6	Ashley in my eye messages. You're up there with Sarah and my groomsman Sarah. I'm also honored
0:42.9	but that's just because I text you so much. We should do that. Let's do that. It's the
0:47.1	Chinese objects. So hold on before we dive into today's episode let's take a quick break.
0:54.3	What if you could try owning a vacation rental before you buy it with summer rookies can do
1:00.9	just that. Summer's gradual ownership model lets you pick out the perfect vacation rental with
1:06.2	their expert help. Then summer buys the home and gives you a two year option period where you can
1:12.8	buy it back. It's like a vacation rental test drive. Summer covers all closing costs and fees
1:18.8	for the upfront purchase as well as furnishing and design. Just make an initial payment and
1:24.9	pay a monthly membership fee which earns you greater equity than a traditional mortgage payment.
1:30.3	And if you decide not to buy your payment is refundable. Summer will even handle property
1:36.4	care revenue management and guest inquiries for you. Plus you can stay at the home whenever
1:42.8	you want. The only problem with summer they weren't around when I started my short term rental
1:48.3	portfolio. Don't take the risk of running your first vacation rental use summer instead.
1:53.8	To learn more visit go summer dot com slash bigger pockets. That's go summer like the season dot com
2:00.8	slash bigger pockets. Oh no. Are you still looking for on market real estate deals? Come on guys we
2:09.2	taught you better than that. Stop scrolling through those listing sites. The best rental properties
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.