As a real estate investor, you mostly rely on off-market deals. Whether it’s from a motivated seller or another wholesaler, these are deals found by the act of reaching out.
Until you’ve built up your network in the industry, it’s going to be difficult to find off-market deals without advertising. But, with a solid network, your next deal could come from so many places other than your traditional advertising.
This includes:
- Facebook friends
- Neighbors of houses you’re rehabbing or renting
- Vendors
- Real estate agents
- Other investors
You never know who has a family or friend that is in a tough situation and would be willing to accept a discounted offer in order to get out of the property quick and pain-free.
This is why networking is so crucial in the real estate investing business.
Network whenever you’re able to!
Let people know you’re a real estate investor and explain a bit about your business. Share stories from people you’ve helped out.
The more your friends and family understand what you do, the more likely that they’ll send deals your way.
Don’t be afraid to post on Facebook that you’re looking for specific types of properties in your market. It gets the word out to your network and you just might get a deal out of it.
To take your online networking a bit further, share photos and videos related to your work. It’s a genuine way to share what you do and what your passion is.
Attending REIA meetings is a good way to network and build up your cash buyers list and to get on other investors’ cash buyers list as well. Bring business cards with you so that you can exchange information with other investors.
Build relationships now so that you have business connections when you need them. If you’ve got a solid business model and are true to your word, investors will want to work with you on deals.
Don’t wait until you need someone to reach out.
Create an open door of giving and everyone will succeed.
