There really is no secret to finding good deals. It is alot of hard work and persistence. We get asked …How do you find all of your deals?” In this post, I will outline some very simple yet effective ways to grow your property business.
- Tell Everyone what you do. Tell everyone…I mean tell everyone that you look to find property that needs refurbishment…and keep. You can keep as a Buy to let or in our case preferably a Professional HMO or Social Housing HMO ( which are more profitable). Explain your criteria to them. Look to find sourcers & get them to slowly start sending you the deals that they have. Once you prove yourself, these guys will absolutely flood you with deals. Your job is sort out the real deals.
- Auctions used to be a good source. However currently the deals are few and far between. Too many chasing fair deals
- Set up alerts by postcode in Rightmove. Farm an area for your property. Do not be all over the board.
- My favorite is the hand written yellow letter. Sending out yellow letter campaigns is by far the best time and money spent. While this option requires the most time and effort, you will get some absolutely amazing deals if you structure it well. Like anything, you have to put in the effort before you reap the reward.
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