One of the critical components of being a successful investor is finding deals, but not all deal sources are created equal. In fact, some of the most common places to find deals, I wouldn’t recommend.

As solopreneurs, how we spend our time is directly connected to the results we get. Anytime we’re focused on the wrong lead sources, we’re not getting the most value out of our time. That doesn’t mean any one of these channels won’t get you deals, it just means they aren’t the most efficient.

What are some of the most popular deal sources, and why would I recommend you look elsewhere? Which methods lead to us burning time?

In this episode, I share where not to look when it comes to finding great investment deals.

The odds of getting a deal on the MLS are very low. You’re not just competing with other flippers and buy-and-hold people, you’re also competing with people who want to live in those properties. -Tom Cafarella  

Three Things You’ll Learn In This Episode

-Cut out the competition 

Why do we have to avoid deal sources where there’s always someone looking to pay a little bit more?

-The guiding principle of finding good deals 

How do we avoid fishing in red water and fighting other investors when it comes to finding deals? 

-Why FSBOS don’t work for investors

FSBOs by their very nature aren’t great for people looking for great deals. What makes them challenging and inefficient?