781: The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 20 June 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think. So, why is it SO difficult for new real estate investors to find deals instead of duds? If you’re scrolling through popular real estate listing sites, hoping you’ll stumble upon the deal of a lifetime, you may be wasting your time. Today, we present four time-tested, easily-implemented ways to find undervalued, off-market real estate so you can build wealth faster. Rob Abasolo (Robuilt) takes the helm on this episode as he welcomes Henry Washington and James Dainard from the On the Market podcast and Sam Primm, expert investor from the St. Louis area. Henry, James, and Sam have collectively bought thousands of off-market properties. Whether they’re buying them to fix and flip, hold as rentals, or wholesale to other investors, the combined knowledge between these three investors is almost incalculable. They’ve done more deals than hundreds of other investors and know what works and, more importantly, what doesn’t. In this episode, you’ll learn EVERYTHING you need to know about finding off-market real estate deals, tactics that are best for beginners vs. experienced investors, which strategies cost the most money and which you can try for FREE, and how you can find your first off-market deal TODAY. These three investors PROVE that buying deals with huge equity upside and instant profit is NOT impossible in 2023; you just need to know where to look! In This Episode We Cover: The medium-term rental strategy explained and how to use it to make 400% more cash flow Short-term rental regulations and why many hosts may need to switch to medium-term stays Best real estate markets for medium-term rentals and signs of low vacancy Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!) Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental Whether or not allowing pets in your rental is EVER the right move to make And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram James' Website Hear Henry and James on the “On the Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Stop Looking for Perfect Properties, Search for These Instead Connect with Sam: Sam's BiggerPockets Profile Sam's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Bigger Pockets Podcast Show, 7-81.
0:05.0	If you're a new investor and you've got a small budget, there's three strategies here for you.
0:09.0	One of mine or James's because those cost money and then doing both of what Sam and Rob said
0:15.0	because neither one of those cost money they take time and effort.
0:18.0	And so now you've got three lines in the water that could potentially all generate lead flow for you
0:22.0	setting you apart from every other new investor just trying one thing.
0:26.0	I'm your host Rob Abbasolo and I'm joined here by my good friend and co-host Henry Washington.
0:31.0	How are you doing today, bud?
0:32.0	Hey, man. What's up? Glad to be back on another show just you and I chopping it up. Let's do it.
0:37.0	Today is a big victory for me because I did the intro and you weren't laughing the entire time.
0:41.0	And so for me, I honestly, I just feel like that's a milestone in our relationship.
0:45.0	Let's get into today's episode, man.
0:47.0	So today we're talking all about off-market deals and the art of buying deeper.
0:51.0	This whole thing stemmed from a podcast you and I did not too long ago where you brought up the concept of buying deeper.
0:57.0	And I think we had a lot of questions from the audience that was like, all right, well, that sounds cool.
1:02.0	I want to buy it a deeper discount. But how do I do it?
1:05.0	And so this episode really nails I think four different ways that people can do this.
1:10.0	What were some of your favorite parts of today's episode?
1:12.0	Man, I'm just such a a deal junkie. I love hearing and learning how other investors are deploying some of these strategies and the results that it yields.
1:22.0	And so it's cool to hear from some of these super high level operators at what they're doing and knowing that there's always a version that you can do.
1:31.0	So don't get overwhelmed when you hear of what somebody who's doing hundreds of deals a year is doing from a marketing strategy.
1:36.0	You could do that same strategy. You got a smaller scale and start to build up your cash reserves.
	...

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.