A real estate investor shares how to find undervalued properties in competitive markets: identify the right deal, negotiate aggressively, and build a network of other investors, brokers, and banks. Over a decade, relationships became the primary source of profitable opportunities.
In today's competitive market, finding undervalued properties is like finding a needle in a haystack. It's tough. And one of the things we teach is you have to have 3 things in order to be successful in investing in real estate. Number 1, right property. And there's a plethora of properties out there. Doesn't mean every deal works at the asking price. So you have to do a lot of negotiating. But the best way to find undervalued property in today's competitive market is your network. We also teach and preach that your net worth is equal to your net worth. So you need to build a network of people bringing deals to you. Over the last 10 years, we've built relationships with investors, commercial brokers, and with banks, and they bring us deals now. This is what ensures success and profitability, and this is how you get in with the right people on the right properties. You learn, you build, you grow.
