How do you Find Real Estate Investment Opportunities?
3 min readMar 14, 2022
- The MLS, which is short for Multiple Listing Services. This is only available to agents, so you’ll have to find a good one. If you’re in Ontario, look no further than yours truly.
- Set up Automatic Alerts
- (you can join my e-mail newsletter for Automatic Alerts to properties here)
- Have a process to screen out the duds
- Use the 2 percent test and the 50 percent rule and approach the deals faster than the rest!
- Look for value-adding opportunities
- E.G: look for a house that has an extra den or attic space that can be converted into another room! Adding another room can increase the property price by the 10s of thousands, which can be acquired through a refinance or a sell
- Make lots of Offers and Fail often
- If more than 1 in 10 offers are getting accepted, then what this tells you is that you are offering too much… your offers should be getting rejected because this indicates that you are analyzing the right deals with the right amount of competition
- Look for old listings
- The longer a property sits on the market, the more stressed out the owner becomes, and the more likely he is to take a reasonably low-balled offer… take advantage…
