The Financial Freedom Blueprint-(7/1/23)-Creating Deal Flow in your Real Estate Business

Hey everybody!

Welcome to another edition of “The Financial Freedom Blueprint” where we discuss the topics of real estate and financial freedom.

My goal is to help as many people as I can get started investing in real estate and eventually reach a goal of financial freedom where they can create a life they don’t need a vacation from.

Today, I wanted to discuss deal flow and how to get leads coming across your “desk” or into your inbox on a regular basis.

Deal flow is the lifeblood for a real estate investor, so it is important to have deals that you are able to analyze.

Here are 5 ways to increase your leads:

1) Sign up for Notifications with Investor-Friendly Agents

Once you have selected your deal criteria, such as the location and purchase price, start signing up for deal notifications with your investor-friendly real estate agents.

Once you do this, they will be sent to your inbox as soon as they hit the market.

The one negative to this approach is that these will be on-market deals, which means higher competition and retail prices.

However, it is a great way to get started and analyzing deals.

2) Find Local Wholesalers in your Area and get Added to their Cash Buyers List

Wholesalers are always looking to add people to their cash buyers list.

Connect with them so you can be notified once they have a deal available.

This still includes competition from others, but wholesale deals are usually considered off-market and there are less people who typically see these deals.

3) Join Local Real Estate Facebook Groups

Don’t just think of social media as a way to consume content or waste time. Think of it as a tool to help you grow your business.

Join local Facebook Groups and start networking with members in those groups. Not only will you meet new people doing similar things, but you can increase your chances of finding a deal that way.

Plus, deals are often posted there.

4) Contact Owners of Distressed Properties that you Drive By

When you are on your way to work or the grocery store, write down addresses of houses you notice that look run down.

When you get home, look up to see who the homeowner is and either give them a call or send them a personalized letter showing your interest in the property.

5) Hire a Cold Caller to Reach Out to Lists

Many real estate businesses pull lists from online sources that include properties that fit their deal criteria.

They then have somebody call every property owner to express their interest in buying. This is usually a lower percentage conversion, but is still a great way to reach more people.

Lastly, talk with everybody you meet about what you are looking for. You would be surprised how many people own rental properties and may be interested in selling.

Obviously, there are many other ways to find leads, but these few can at least get you started.

That’s all I have for this week’s newsletter.

Thanks for taking the time to read through it and I will see you all again next week!

Active Investors

If you want to learn how to purchase your first investment property within 6 months, but don’t know what steps to take, please schedule a call with me using the link below to see if my coaching program can help.

The main strategy I teach is the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.

I’ll help you minimize beginner mistakes and shorten the learning curve from years to months.

For Everybody

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Disclaimer: My newsletter should be viewed as educational content and should not be construed as actionable advice without consulting the proper professionals.