4 Ways to Find (and Buy) Undervalued Rental Properties

Episode #781
Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think. So, why is it SO difficult for new real estate investors to find deals instead of duds? If you’re scrolling through popular real estate listing sites, hoping you’ll stumble upon the deal of a lifetime, you may be wasting your time. Today, we present four time-tested, easily-implemented ways to find undervalued, off-market real estate so you can build wealth faster.
Rob Abasolo (Robuilt) takes the helm on this episode as he welcomes Henry Washington and James Dainard from the "On the Market" podcast and Sam Primm, expert investor from the St. Louis area. Henry, James, and Sam have collectively bought thousands of off-market properties. Whether they’re buying them to fix and flip, hold as rentals, or wholesale to other investors, the combined knowledge between these three investors is almost incalculable. They’ve done more deals than hundreds of other investors and know what works and, more importantly, what doesn’t.
In this episode, you’ll learn EVERYTHING you need to know about finding off-market real estate deals, tactics that are best for beginners vs. experienced investors, which strategies cost the most money and which you can try for FREE, and how you can find your first off-market deal TODAY. These three investors PROVE that buying deals with huge equity upside and instant profit is NOT impossible in 2023; you just need to know where to look!
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Stop Looking for Perfect Properties, Search for These Instead:
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00:00 Intro
01:42 Quick Tip
02:33 Meet the Deal Finders
05:51 Buying Undervalued Properties
09:07 Call Centers
19:33 Direct Mail
29:46 Wholesalers
38:51 Meetups
50:00 Best Strategy for Beginners?
51:48 Connect with Henry, James, and Sam!

[@nicholastracy4915]

As a lawn care business owner, I now really am looking at all the crazy distressed properties I mow and service at, for value ad potential! There is a LOT. Thank you guys!

[@Sasue]

I love hearing bigger packets I learned so much throughout the few weeks I’ve been listening and understanding day by day what you guys are talking about

[@lawrencebriggs]

It’s always great to find a hidden gem in real estate!

[@aaronbroderson186]

This information, you guys all put out absolutely blows my mind! Especially with how simple and straightforward it was explained, and how anybody can easily implement these strategies with some time and effort! Keep up the good work!

[@romi929]

This was excellent guys!!! Baby newbie here and this was one of the best podcasts I ever listen to! 😃

[@ioncergarealtor]

WOW, The format and The subject is awesome. Thank you very much.

[@harrisconstantatos6450]

Great episode! So helpful for a newbie

[@HollywoodWestern]

This is a great episode. I’ve done all these strategies. Cold calling is the fastest, mail is easy but takes awhile to get responses, I work with a lot of wholesalers and it’s less work involved, REI meetups are great because you’ll never know who you’ll meet.

[@amazonjunglez1188]

Can you take me up your wing and make me one of your success story? I have zero experience and zero qualification in real estate but I'm willing to learn and do the work then make money(tired of living pay check to pay check). The internet is infested by millions of "mentors" out there that promise mentorship and charge an arm and the leg and one of your kidneys. I just wanna find somebody who's okay with helping without expecting large amount of cash in return,no one has that kind of cash lying around in their living room in these inflation days. Would you please give me some great and crucial tips in real estate,Wholesaling pre foreclosure? Your help would be well appreciated. Looking forward to hear back from you. Angel

[@aaronbroderson186]

I am not a new investor but I have to say this is hands-down, the best podcast and most beneficial that I have ever listened to! I live in South Dakota, and I am temporary moving to North Carolina for about 10 months and I am going to hammer these strategies and see what they produce!😊

[@sethadams440]

I’m a permanent transplant in Fayetteville NC now. Reach out if you want to chat with a local investor.

[@aaronbroderson186]

@@sethadams440 sounds great Seth! Let me know the best way to reach out to you.

[@yeshiwasengda1853]

@@aaronbroderson186 Hi what will be your recommendation to relocate in south Dakota OR North Calorina from your best experience Thanks a lot

[@aaronbroderson186]

@@yeshiwasengda1853 Thanks for the question although I’m not all the way sure what you were asking? I have properties in both states and would recommend both. 😊

[@unstoppablefrank]

Fire show!!! 🔥🔥🔥🔥

[@FIRE_DrNinjaTurtle]

Killer episode. I loved all the personalities

[@itsmichele]

Rob: GREAT ideas for marketing a meet up, thank you for those absolutely golden tips!

[@davidortega8280]

This pot cast today is for the day you already have your first deal by yourself with the BRRRR strategy as first home family property and you are ready to refinance and repeat. How you do this to your first deal?

[@orenstephen5160]

Hello Everyone. How do I get a list of refi rejects or is that a specific website? Great interview. Thank you.

[@darwinbeloate2978]

Great information.... I think a great podcast would be an in depth discussion on benefits and short falls of prop stream vs. land glide etc.

[@briansmith9258]

LandGlide is good for finding owners quickly. Doesn’t tell if their vacant or anything. Propstream pulls list of leads based of criteria you pick. So different animals.

[@ntatlah]

How do you come up with a list? What do you look for in the data provided by that data selling company?

[@user-ee9lk6vn6o]

James' question was dead on. How do I trust a wholesaler, generally, or vet one. Hubby does plenty of construction but still, there are some shady people. is there a place to find good wholesalers in Tampa? Or vet then? Long term relationships wanted!

[@Angelaqastro23]

Hi.What is call center means? Henry Can show us srep by step how to do it please. Thanks

[@fenteziazewdie5841]

Funny as I was listening to this episode I got a call from someone asking me to sell my house, Which I hung up on the since Already asked me multiple times

[@tarun.rawat7]

Hello , my question is how well effective this business system would be in ontario canada market?

[@lele2216]

The big question being older HOW do you find something lower, can't find them

[@Backlashed]

That call center is a huge liability, over 70% of phone numbers are on the do-not-call list. Potential fines for violating that are huge.

[@keirakirby5201]

For some reason the wholesaling game just turns me off, seems like too much work...I'd rarher just buy forclosures and hold and rent out.

[@doggonegoodtime5205]

Step one. Go check out one rental at a time. Step two. Stay on that channel.

[@itsmichele]

Message for Sam: I'm a newbie, I would love to submit possible deals to you however, I live in Northern Cali. I like that you do the deals yourself and buy them from the wholesaler and/or JV on deals, I need the help and I may be able to bring you deals, win-win. Please let me know!

[@Angelaqastro23]

I'm whosaler . I'm looking for cash buyer, final buyers,partners,private lender. asked the numbers they are lookin for and they don;t know. I analize the property. I evalue , the rehab costs.for interestedswith the 3 diferent numbers . If the buyer wants to do again thats okay. I live In L.A

[@MoeToOFFeR]

But after you speak to wholesalers how do you get into the deal with no money??

[@christiananaya8516]

Private or hard money lenders

[@godEdwardFox]

@pacemorby

[@harry554]

Get on Knees 😊

[@jessicawong7962]

Lol can’t believe people are watching these videos thinking that they can get into off market deals . Off market deals don’t just end up on the public market .

[@dpirkl4560]

​@jessicawong7962 if local realtors, bankers, lawyers don't know you are a player you're not a player.

[@markkrenson9296]

42:50 Omg I just reach true enlightenment I will benefit from going to a meet up to learn more about brrr and because I’m a MF Plumber they will all need me eventually!

[@KB-cw3dw]

So these are the guys who keep calling/texting me asking me to sell them my properties…leave me alone!!!

[@cliffmason]

😂😂😂😂

[@mikew1352]

I can't stand these home telemarketers. The amount of calls are ridiculous.

[@farmermike9262]

These businesses are snakes. I'm disgusted with these real estate businesses. Taking the heart and soul out of deal making.

[@SCHOOLBOY1609]

Guys. Please stop making weird sounds when saying “quick tip” - it’s making people unsubscribe and not watch it.

[@dp-116]

Stop speaking in acronyms! Not all of us rookies know what they mean

[@kidxclusive]

Google and ChatGPT are your friends

[@dp-116]

@@kidxclusive yeah I get that but then I have to pause the video to go look it up...annoying

[@tanereyu7699]

@@dp-116 look in the mirror. world doesn't revolve around you

[@dp-116]

@@tanereyu7699 wow, you are highly perceptive captain obvious

[@orvillecameron9836]

I understand your frustration, however you could nicely REQUEST that they stop speaking in acronyms instead of giving an order... You're not paying them, and they owe you nothing.

[@shyshy1ful]

This title should be changed