678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji
Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.
Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.
David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!
In This Episode We Cover:
How the housing market has shifted and whether or not we’ve become a buyer’s market
Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023
Using “emotional influence” to get a seller to agree to your terms as soon as possible
Building relationships with listing agents so they act as your ally in a deal
How to leverage “bad news” to turn frustration into motivation for a seller
Tell-tale signs of a motivated seller that will quickly get a deal done
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
These 20 Housing Markets Are Cooling the Fastest, According to Redfin
Connect with Jamil:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678
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