25 Proven Deal-Getting Strategies

Mike and Christina FerrisSo my Flip VIP buddy Mike Ferris just sent me this awesome list of 25 time-tested, proven ways to find/get great real estate deals (see below).  He prepared for discussion at this month’s meeting for the REIA group he runs in Delaware.

Now Mike and his wife Christina have done hundreds of deals since they got started back in ’99, from wholesaling, buy-fix-sell, buy and hold, to short sales, and new construction. They also manage several hundred rentals.  So I guess you could say they know a thing or three about finding great deals. 🙂

A Quick Note From Mike About This List:

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  1. Homepath.com (Fannie Mae)
  2. Auctions (Realtybid.com/ HudsonAndMarshall.com/ WilliamsAuction.com/ REDC.com/ Auction.com/ REDClive.com/ BidSelect.com/ EconoHomes.com)
  3. Bandit Signs
  4. Craigslist advertising
  5. Craigslist estate sales
  6. Facebook
  7. Pay per click through search engines…Bing, Yahoo, Google driving to website
  8. HouseBuyerNetwork.com (and other ‘we buy houses’ sites)
  9. Direct Mail: absentee owner
  10. Direct Mail: open estates (probate)
  11. Direct Mail: driving for dollars
  12. Direct Mail: late payer mortgages
  13. Foreclosure sales (sheriff)
  14. Gas station signs
  15. Pawn shop signs
  16. Grocery store flyers
  17. Inserts with coupon distributors
  18. MLS (by neighborhood, estate sales, fixer uppers/handyman specials, etc)
  19. REO brokers
  20. HUD foreclosures
  21. Newspaper Ads (main and pennysaver)
  22. Phone book
  23. Networking and Referrals (from agents, investors, bird dogs)
  24. Vehicle signs (Magnetic or Vinyl)
  25. Wholesalers

So Tell Me:

  1. Which method(s) have you found work best for you? (for me it’s #’s 9, 10, 11, and 18)
  2. Which method(s) would you love to unwrap and learn more about if you had the chance? (Remember my post with Steve Cavanaugh about RE auctions?  Think along those lines.)
  3. Anything missing from this list? (What would you add to it?)

Would you please leave your thoughts in a quick comment below? And also maybe an “attaboy” to Mike for passing along his neato list. 🙂

Thanks!
…jp

About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. 🙂

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Menace2Success Reply

Wow us wholesalers all the way at number 25… Whats up with that JP… LOL.. Its all good. I love using direct mail and coming up with new mays to make people open my letter or else miss out on something amazing.

JP Moses Reply

I know, I know. But I didn’t compile the list, Mike did! I’m sure he meant nothing but love for us wholesalers though. 🙂

Leigh Houselady Reply

Thank you, JP. You give so much to the community which is greatly appreciated.

~Leigh~ Tampabay, FL.

Anne Reply

Thanks for sharing…
Anne – Atlanta, GA

Fitripramuri Reply

I Was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post.

Source1properties Reply

Great info, especially for newcomer wholesalers with or without money.

Danny P Reply

Great List. But right now, getting inventory is NOT a problem. Can you post some ways to sell Retail Houses in this market?? Thanks.

JP Moses Reply

Great point, Danny. I have a few posts all about selling…specifically do a search for how to sell a house in 3 days. AWESOME post about that one in the last few months or so.

Thanks for commenting!

Tivi Mania Reply

I Was very encouraged to find this site. I wanted to thank you for this
special read. I definitely savored every little bit of it and I have you
bookmarked to check out new stuff you post.

Brooks Conkle Reply

Great list!  For me, by far the best has been bandit signs.  But I think every item on your list works if you use it Consistently – thanks for the post JP

Clay Reply

Great list! I’ve had quite a bit of success on Craigslist along with driving for dollars. I believe they’re all solid game plans, but they’re only as solid as the consistency you put behind them.

REITII Reply

Some work better than others, but overall just training your eye for a deal works best!  Like any other skill, it takes years to develop!

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