Top 5 Distressed Property Lead Sources For 2023
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The video discusses various ways to find discounted distressed deals in real estate. Distressed properties are those with something wrong with the property or the owner of the property is distressed. One way to find distressed properties is through wholesalers, who find and negotiate deals on distressed properties and then sell them to real estate investors. Wholesaling doesn't require any money, credit, or experience, making it a great option for new investors. To find wholesalers, join local real estate investing Facebook groups and meetups. Another option is to buy or find lists of distressed properties using public data that is available for free.
Another way to find distressed properties is by using public data to create lists of potential sellers. There are sites and apps that can help you find someone who is more likely to sell a distressed property at a discount. Real estate agents can also be a great source of distressed properties. They come across properties that need to be sold quickly due to something wrong with the property or the owner. Bandit signs, those small yellow signs you see on the side of the road, can also be a way to find distressed properties.
The video also discusses the legalities of using bandit signs and recommends using a Google number instead of a personal cell phone number. Attending local meetups and connecting with other real estate investors, wholesalers, real estate agents, contractors, private money lenders, hard money lenders, and insurance agents can also lead to potential house buys and other connections. The speaker is focused on helping new real estate investors get started and is providing actionable content on their platforms.
The video discusses various ways to find discounted distressed deals in real estate. Distressed prop