Episode 178: How to Find Off Market Real Estate Deals with Zack Boothe

The REI Diamonds Show-Real Estate Investment Podcast

Finding Off Market Real Estate Deals Can Lead to Untold Riches
Real Estate Investing is a transactional business. You have to have a source of deals. Better still is a source of Off Market Real Estate Deals that you can buy, renovate and make a profit. DFD Mastery founder Zack Boothe joins me on this real estate investment podcast to discuss his method of finding investment property.
This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/
View the Episode Description & Transcript Here:
https://reidiamonds.com/how-to-find-off-market-real-estate-deals-with-zack-boothe/
Zack has a history as a long term real estate investor. His primary strategy was to buy rental property and lease to Section 8 tenants. You probably know of investors following this same strategy. He found that over time he didn't really make much money on his portfolio. Tenants caused damage and the yearly property inspections racked up repair bills. Maybe you can relate.
Zack made the transition to becoming THE SOURCE of Real Estate Deals in his market-Salt Lake City, Utah. Since he controls the deals, he gets to set the terms and prices of his deals. Some get wholesaled to other investors and he collects a fee. Others route to fix & flip partners who step in, fund the deal, do all the work, then split the deal 50/50. Can you see how this sets you up to become rich?
Digging through the Multiple Listing Service MLS is for Real Estate Agents, NOT Investors
The old way real estate investors found deals was to dig through the MLS. The MLS is the same system used by real estate agents to find listings for their clients. Now, there are some deals on the MLS-even in this market. However, those deals usually come with serious competition. Serious competition leads to bidding ways. Most real estate investors are averse to paying more for anything-especially real estate deals. So the key to lowering competition on your deals is developing a source of Off Market Deals.
Find Off Market Deals in YOUR Market
Finding off market deals in your market takes work. You actually have to set up a business with lead generation, marketing expenses and hiring and managing a team. To some, this is a nightmare, or even a diversion. For example, if you're good at rehabbing and have plenty of cash lined up, your time might be better invested in finding solid sources of off market deals-like Zack-and focusing on the business of rehabbing.
On the other hand, if you're interested in doing the work and investing the time & money to generate deals, you'll definitely want to listen this show. Zack describes his laser focus approach to building a team and developing the HIGHEST R.O.I mailing list in his market. Imagine having a list of property owners who own the exact types of real estate you'd like to buy. You can do the same in your market using the same software that Zack uses: The REI Deal Machine. Go Here https://dealmachine.app.link/diamonds for a free download to test drive.
What Software is Used to Drive an Off Market Deal Business?
As mentioned, Zack uses the REI Deal Machine to develop his list and manage his mail. The deal machine will research addresses in public record, skip trace, and even offer push button postcard and letter campaigns. Oh, and the best part, you can actually trace your driving routes and manage your driver team using the Deal Machine.
Zack & I Discuss His Source of Off Market Deals
• Finding Off Market Deals in Salt Lake City, Utah
• Partnering with Flippers for a Large Piece of the Action
• Prime U.S. Markets for Wholesaling OR Fix & Flip Deals
• How to Get the #1 Highest R.O.I. Mailing List in YOUR Market
Relevant Episodes: (There are 178 Content Packed Interviews in Total)
• How to Find Motivated Sellers with David Lecko https://reidiamonds.com/how-to-find-motivated-sellers-with-david-lecko/
• Lead Conversion System for Direct to Seller RE Investors with Dan Schwartz https://reidiamonds.com/lead-conversion-system-for-direct-to-seller-re-investors-with-dan-schwartz/
• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss http://reidiamonds.com/blog/2020/05/30/how-to-take-huge-depreciation-using-cost-segregation-with-yonah-weiss/
• Financing Million Dollar Deals Post COVID with Anton Mattli https://reidiamonds.com/financing-million-dollar-deals-post-covid-with-anton-mattli/
Resources Mentioned in this Episode:
http://www.REIDFD.com
Check Out the Full Archive of The R.E.I. Diamonds Show:
https://REIDiamonds.com/podcast/
For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/