Sharon Vornholt - Let's Talk Real Estate Investing
6 Strategies for Closing Off-Market Deals
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:10:21
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Synopsis
Today we're going to talk about 6 strategies for closing off-market deals. So, where exactly do you get the money if you don't have cash in your bank account? I’ve spent the last couple of weeks talking about off-market deals like probates, absentee owners, and other properties that aren’t listed on the MLS. When a property is listed on the MLS, thousands of agents (and investors) have access to those properties. So, there’s a lot of competition for every property. That’s the reason I like off-market deals so much. There is so much less competition. Don't have any cash to invest in real estate? Here are 6 ways to fund your deals. Why Would Sellers Choose Investors over Agents? One thing that makes investors so attractive to these folks selling off-market deals is their ability to pay all cash and close quickly. These sellers don’t have to wait for a retail buyer to get approved for conventional financing (which can take months). Then, they “hope” the buyers will be approved for a mortgage and make it to closi