Introduction
The real estate market is moving fast. If you want to keep up with the competition, you need to be able to find deals more creatively than ever before. Luckily, there are several ways that you can find more deals with less effort. We’ve compiled a list of our favourite ways to do just that below…
Door knocking
Door knocking is one of the most cost-effective ways to find deals. It doesn’t take much time, and it’s usually pretty easy talking with people once you find your flow. Most people are surprisingly willing to talk about their properties, especially if they’re selling or renting them!
The best part is that you can do this anywhere—whether it’s your local town or another city across the country. It really doesn’t matter where you are because there are always deals out there waiting for you!
Lettings agents
Letting agents can be a great source of deals. They often know which landlords are selling up, and they’re usually well connected, so they can tell you what’s going on in the market.
They can also tell you which areas are still a good buy and will rent well.
Letting agents want to retain the management – make them an offer!
Networking with other investors and sourcing agents
You may be wondering, “Why do I need to network with other investors and sourcing agents?”
Well, there are a few reasons:
- Finding deals is hard work. The more people you know who are in the business of buying houses, the better your chances of finding a deal become. These people will give you tips on where good deals can be found (and also keep an eye out for properties that might make sense for you). They’ll also help vet properties for potential risks or problems so that when it comes time to buy a property, you don’t end up taking on more than what’s manageable.
- Having an extra set of eyes looking at properties can often reveal things about them that were previously overlooked or unapparent. With two sets instead of one, there’s a much higher chance that something will stand out as being wrong with the house—or right!
Conclusion
Remember, the key to finding more deals with less effort is to find your niche. This could be one of the three methods we discussed above or it could be something else entirely. The point is that even if you’re going to do this as a side hustle, you have to treat it seriously and focus on the best possible way for you to get results.
