The Rental Property Toolkit: How to Build Your Buy Box and Source More Deals

Real Estate Rookie

Struggling to land your next rental property? Even in today’s housing market, there’s a great deal out there with your name on it—you just need to know where to look. In today’s episode, Ashley and Tony will share their favorite strategies, software, and tools for finding real estate deals so that you can start getting a little reward for your effort!

Welcome back to the Real Estate Rookie podcast! Sourcing deals is hard work, but maybe you’re making things harder for yourself. Today, we’re starting at square one by showing you how to determine your purchasing power and build your buy box. From there, we’ll introduce you to several strategies that will help you find on-market deals that fit your criteria and off-market deals that typically fly under the radar. How many of these deal-sourcing strategies should you use when starting out? Stay tuned to find out!

Along the way, we’ll show you different software and tools you can use to get organized, track your leads, and find off-market property owners. Regardless of your investing strategy—house hacking, BRRRR, or flipping houses—our approach will help you lock up your next deal in no time!

In This Episode We Cover:

How to calculate your purchasing power and build your buy box

How to find deals on the MLS (multiple listings service) that match your criteria

Creative strategies to help you source more off-market properties

Software, tools, and tips to help you manage and follow up on leads

Using the skip tracing method to find off-market property owners

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

Join BiggerPockets for FREE

Ask Your Question on the BiggerPockets Forums

BiggerPockets Deal Finder

BiggerPockets Calculators

Become a BiggerPockets Pro Member for Free Invelo Software

PropStream

??Xome

Auction.com

Hubzu

HudhomesUSA.org

U.S. Department of the Treasury

onX Hunt

LandGlide

Ballpoint Marketing

Investorlift

Privy

Mojo Dialer

Carrot

Monday.com

RESimpli

REI Reply

Asana

Loom

Buy the Book “Real Estate Deal Maker”

Find an Investor-Friendly Agent in Your Area

See Ashley and Tony at BPCON2024 in Cancun!

Real Estate Rookie - Episode 416: How to Find & Fund MORE Real Estate Deals in 2024 (Tips from a PRO!)

(00:00) Intro

(00:51) What's Your Purchasing Power?

(02:17) Building Your Buy Box

(07:55) How to Find On-Market Deals

(12:22) How to Find Off-Market Deals

(19:30) Tracking Your Leads

(24:10) Choose Your Strategy!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-453

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