Finding houses to buy

B

Brian Persson

New Forum Member
Registered
#1
Jul 18, 2017
5
1
3
#1
Hello,

I’m looking for ideas on how to find houses to buy aside from MLS. I’m targeting a specific area in a smaller community.

Thank you.


Sent from my iPhone using myREINspace
 
Matt Crowley

Matt Crowley

0
REIN Member
#3
Dec 14, 2013
980
487
63
Calgary
#3
Hi Brian,

Drive through the neighbourhood you have identified and take note of dilapidated, distressed houses. Pull title, do some research on the owner. Call them up and ask if they are interested in selling. Have an idea of what you can pay for the house.

By narrowing in on the neighbourhood, I'm assuming you have a deep knowledge of the value of land, $/SF of building. If you are a bona-fide expert pre-qualified to buy then there are certainly some deals out there, in practically every neighbourhood.

Build into your margin by buying well. Look for houses well below median $/PSF. If you are putting in a suite, the suite is not worth much on resale so you need the main floor of the house to carry the higher trade value.
 
David Maxwell

David Maxwell

Realtor/Real Estate Investor
Staff member
REIN Member
#6
Apr 11, 2015
35
5
8
#6
You could also have a large amount of business cards made that state to call you if they’re interested in selling. Walk door to door dropping them off.


Sent from my iPhone using myREINspace
 
Devin Roberts

Devin Roberts

Devin Roberts - Brent Roberts Realty
REIN Member
#9
Nov 17, 2015
126
55
28
#9
I used to post ads on Craigslist saying that I buy homes. Anywhere, any condition, etc. Mainly realtors gave me calls, but a few good fsbo leads


Sent from my iPhone using myREINspace
 
You must log in or register to reply here.