How to Find Real Estate Deals NOW | Future Millionaires

Knowing how to find real estate deals can be challenging for new and experienced investors. For those who want to build bigger portfolios beyond just buying single-family rental properties, finding multifamily, development, or perfect medium-term rental deals can be a struggle. You have to be in the know and have a network full of agents, brokers, lenders, and other investors who can throw deals your way, so you don’t have to dig through the scraps that bigger investors (or investment firms) have left behind.

This is a struggle that all three of our ninety-day mentees have faced since we spoke to them last. We’ll be getting updates on all their situations in today’s episode as David and Rob work to get them to their next investments as soon as possible. First, we talk to Philip, who’s still struggling to find adequate land for his future resort. He’s successfully made one offer but has yet to receive a counter. Next, Wendy wants out of turnkey rentals and is looking into more cash-flow heavy real estate investments like medium-term rentals that can provide her the retirement she dreams of.

Lastly, we talk to Danny, who’s struggling to connect the dots that will lead to his next property. As an introvert, finding contractors in the field has become challenging, although he has started to reach out to other investors he knows in his area. A common thread in this episode is that ALL our mentees are finding a pain point stopping them from reaching their next property. Of course, what they do next is entirely up to them, but you’ll hear case-by-case advice from David and Rob, which could also help you on your next deal! So if you’ve hit a roadblock on your path to real estate wealth, don’t give up—tune in!

00:00 Intro
02:40 Quick Tip
03:59 Philip: Looking for Land (and Extra Income!)
10:46 Raising Money for Other Investors
15:10 Not Enough Deals!
17:00 Action Items
21:51 Wendy: Turning Away from Turnkey
26:03 Making the Most of Mid-Term Rentals
32:10 Action Items
36:14 Danny: New to Networking
45:57 Call, Call, and Call Again
51:55 Action Items
56:32 Wrapping Up


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Connect with Our Mentees:
Danny: https://www.biggerpockets.com/users/danielz34?utm_source=youtube&utm_medium=description&utm_campaign=none
Philip: https://www.biggerpockets.com/users/philiph94?utm_source=youtube&utm_medium=description&utm_campaign=none
Wendy: https://www.biggerpockets.com/users/wendy_s?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Jesse Vasquez, Mid-Term Rental Expert:
@therealjessevasquez or https://www.instagram.com/therealjessevasquez/
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Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
YouTube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
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David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode 719

Show notes at: https://www.biggerpockets.com/blog/real-estate-719?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestatepodcast #biggerpockets719


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