Nick Baldo started investing in real estate in 2011 with a focus on flipping houses in the Buffalo, NY area. He has since expanded his business to focus on value-added rental investments. Nick created and manages the real estate educational site, Income Digs to help aspiring real estate investors get started. He has a focus on leveraging technology to create an investment business that is both efficient and scalable.

 

Overview of Strategy:

• Tell everyone what you do
• You never know where good deals can come from
• The more interactions you have, the more you are working in the industry, the more that will come to you

 

11 Actionable Tips for getting yourself out there and finding deals

 

1. Tell your friends
2. 1. Facebook
   2. Email blast
   3. Social Media bio
   1. You don’t have to spend thousands of dollars
   2. You want people to see your brand and ask more questions
   3. Simple business cards, shirt, signs
3. Set up brand
4. REI Meetings/ Investor meetups
   1. Neighbors get excited about flips
   2. They often have people in their lives who need to sell quickly
   3. They see that flipping is not “as scary as it seems on TV”
5. Meet the neighbors
   1. They might not know that they want to sell
6. Reach out to other landlords/ property managers in the areas where you have rentals
   1. You should probably have one (or more) agent looking for properties for you.
   2. Agents have pocket listings and access to info you don’t have.
7. Real Estate Agents
   1. Even if you’re not doing the rehab, be on the job site. You want to be there if and when people come up and ask what is going on with the house.
8. Be Hands on
   1. I personally use Podio...but if you are just starting, a simple spreadsheet will do
   2. REImobile is setup with great features from the start
   3. Some people like to see tangible leads.
9. Use sort of tracking mechanism
   1. Building inspector
   2. Mayor
10. Wholesalers
    1. Attorneys
    2. Accountants
    3. Bankers
11. Professionals
    1. Driving by...have a hunch about about a house? Doesn’t hurt to start the conversation.
12. Don’t be afraid to ask

 

“Bonus” - Even if it’s not a deal you find, a solid consolation prize is finding a private lender

 

Visit the show notes page at http://flippingjunkie.com/40 to download Nick's 10 Tangible Tips to Find More Solid Rehab Deals