Want to snag real estate deals before anyone else? Pouyan Broukhim, owner of PB Financial Group, knows how it’s done. He consistently finds underpriced properties before they even hit the market. This post will show you his strategies, from pounding the pavement to building key relationships. Watch Pouyan explain how he finds underpriced real estate deals and then read on to learn how you can do the same.
The Daily Grind: Why Consistent Market Scans are Essential
Pouyan emphasizes checking the market several times a day. Why? Because the real estate market is always moving. New listings pop up, prices change, and opportunities vanish quickly. Staying vigilant means you’re more likely to catch a deal others miss.
Think of it like this: imagine a flash sale. If you only check the store once a week, you’ll probably miss it. The same applies to real estate.
How can you stay on top of things? Use online platforms like Zillow, Redfin, or, if you have access, the MLS.
Pro Tip: Set up alerts for new listings and price drops in your target areas. Dedicate specific times each day for market research.
Building Your Dream Team: The Power of Real Estate Agent Connections
Pouyan also credits his success to his relationships with real estate agents. These agents regularly call him with opportunities before they’re widely advertised.
Why are agents so valuable? They often know about properties that haven’t been listed yet, sometimes called off-market properties. These deals can be goldmines.
So, how do you build these connections?
- Attend local real estate events: Get to know the players in your area.
- Clearly communicate your investment criteria: Make sure agents know what you’re looking for.
Nurturing Your Network: Relationships are a Two-Way Street
Building relationships is just the first step. You need to nurture them. Follow up with agents regularly. Provide value by offering quick closings and all-cash offers (if possible). Aim to become a trusted and reliable buyer. When agents know they can count on you, they’re more likely to bring you those off-market properties.
Beyond the MLS: Unearthing Off-Market Opportunities
What exactly are off-market deals? These are properties that aren’t listed on the Multiple Listing Service (MLS). They’re hidden gems waiting to be discovered. Because they’re not widely advertised, they often face less competition and can be underpriced.
How do you find them? Consider these strategies:
- Direct mail campaigns: Target specific neighborhoods with personalized offers.
- Driving for dollars: Look for distressed or vacant properties.
- Networking with wholesalers: These professionals specialize in finding off-market deals.
Trusts and Estates: A Niche with Potential
Pouyan’s company, PB Financial Group, offers loans to trusts and estates and can help with Real Estate Investment Loans. Why is this relevant? Properties held in trusts or estates are sometimes sold due to circumstances like estate settlements. This can create motivated sellers and opportunities for savvy investors.
The Ripple Effect: Turning One Deal into Many
As you acquire more properties, more people will want to sell to you. It’s a snowball effect. Word-of-mouth referrals spread, and you build a reputation as a reliable buyer.
Think about it: If you provide excellent service and close deals smoothly, people will notice.
Here are some ways to ensure smooth transactions:
- Clear communication
- Fast closings
- Fair offers
- Professionalism
Final Thoughts on Finding Underpriced Real Estate Deals
Finding underpriced real estate deals requires hustle, strategic networking, and a willingness to explore off-market opportunities. By consistently scanning the market, building strong relationships with agents, and thinking outside the MLS, you can unlock hidden profits and build a successful real estate portfolio.
For more tips and suggestions from Poyum Broukhim check out PB Financial Group’s Facebook and Instagram.
Ready to take the next step? Contact PB Financial Group at 877-700-3703 to schedule a consultation, or visit www.CalHardMoney.com for more information on real estate financing from the premiere hard money lenders in California.
