How to Find and Buy Off-Market Real Estate at Discount During Covid-19

The Coronavirus catch 22: Are there really no opportunities in the market right now?

Some of you already know that I started my way as a real-estate investor back in 2009, at the midst of the sub-prime crisis. But the 2009 crisis started way before, in 2005 but even in 2007 and 2008 the market looked perfectly fine. Prices were going up and all was just fine until everything collapsed at once. But behind the scenes, where the things really happen, then and now, problems were pilling up until it all exploded.

And the exact same phenomenon happens right now, and I call it the Coronavirus catch 22. On one hand, no inventory is coming to the market since apparently there are no distressed situation, although reports are stating that millions of people are late in mortgage payments and that 25% of hotels are in a very bad situation. On the other hand, people are just looking to sell at the best deal possible, so when you look at the MLS, it truly seems like there is no opportunity and everything is frozen. But is it though?

One thing I know to do, is to find opportunities in situations that may seem completely lost and believe me, even now there are several niches that with the right knowledge and proper training you can profit from. In my new video here I will show you exactly how you can benefit from some of the action that actually happens behind the scenes, for example in HOA foreclosures.
Why HOA foreclosures you may ask? Because unlike banks, HOAs are much faster and in fact there is a great amount of foreclosures out there by HOAs at the moment and this is exactly where you can enter and benefit from it.

In my video you will see, directly from my screen which I am more than happy to share, what are the key factors to close a quick and effective deal, even in times like that when it seems like there are no deals. In fact, these are some of the main principals you need to apply in order to do so:

1. Follow the cases: Every foreclosure starts with a filing and it has a case number. When you enter the MLS, it is crucial to get the document where all the information is available and to know how to read it. In case you need some help don’t be shy to hire an attorney or an expert who knows exactly how to read these files, because eventually the amount you invest will save you a lot of money. In this file you can see all the details you need that will serve you – The address, the owner, the appraisal, any issues if there are, and everything you need to know to get a good deal.

2. Time is money: One of my most important tips, which proves to be crucial in times like this is that being the first in the door is essential. In many cases, success or failure in a deal depends on whether you are able to approach the owner first and buy the foreclosure from them.

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Видео How to Find and Buy Off-Market Real Estate at Discount During Covid-19 канала Liran Koren