Off-Market Properties Are Some of the Best Deals You Can Find.
They’re very sought after because they’re typically at a lower price and have less competition than deals that are on the market.
There are a number of ways you can acquire off-market deals, and I’m sure you’ve heard of many. I'd like to share some that you might not have thought of.
3 Strategic Partners to Connect with to Find Off-Market Deals:
- Divorce Attorneys
- House Cleaners
- Painting Contractors
Let’s dive in:
Divorce Attorneys
When you picture a family, what’s the first thing that comes to mind? Parents and children living in a big house with a perfect front lawn?
The sad reality is the high rate of divorce. And when a marriage ends, they might need to sell their house as part of the divorce proceedings.
The responsibility of selling the house often falls on their attorney’s shoulders. Therefore, it would make sense to have connections to divorce attorneys, so when it comes time to sell, before the property is put on the market, they think of you.
If an attorney has connections, they don’t have to wait the 3 or 4 months of trying to put that property on the MLS. They can go to the right investor (hopefully you) and get it off their hands in a much shorter amount of time. Done deal. The property never hits the market.
Everyone involved will benefit from an easy, less strenuous transaction, and quick turnaround.
So start getting to know some divorce attorneys and get on their radar. When the time comes that they need to sell a house fast, you’ll be the first person on their list.
You can use the same approach when identifying apartment buildings. The key is securing a relationship with the attorney. If you want to learn more ways to connect with key individuals for locking in apartment building deals, download ALL my resources for FREE at this link: https://themichaelblank.com/vault
House Cleaners
House cleaners are great contacts to have. Although most cleaning service providers spend majority of their time cleaning regular single family homes, you'll be surprised the number of cleaners who are connected to many real estate professionals.
From agents to brokers, cleaners will be hired to do contract work on new listings, fixer uppers, and even apartment buildings. Get familiar with different cleaners in your area and strike up a relationship so they're referring their real estate broker friends to you.
Brokers are usually the first to know about apartment buildings on the market. The more brokers you know, the more opportunity you'll have.
House cleaners work with a lot of brokers, so it would be a good idea to get to know some house cleaners in your area 🙂
Painting Contractors
Single family homes will always need painting. Whether its external work that's needed or the interior of a home, there's usually a consistent demand for painting work on properties. Painting contractors supply this need that is common amongst residential homes.
However, these same painting contractors often have a “commercial” painting department in their operation.
And those are the contractors you want to connect with.
Home service providers depend on leads to maintain and grow their business. Having high quality leads in their pipeline is the name of the game which is why they relish referral partners.
This gives you a unique opportunity to work with multiple painters and provide value to each other. You encourage them, share their work on social media, build good rapport and they can in turn introduce you to their real estate professional friends.
There's no downside to becoming referral partners or social media sharing buddies 🙂
Recap…
3 Non-Obvious Ways To Find Off-Market Deals
- Divorce Attorneys
- House Cleaners
- Painting Contractors
Using just one of these could really improve the number of off-market deals you get, but of course the more strategies you use, the merrier.
Start making connections and getting involved in your local community.