The Massive Opportunity of Overlooked On-Market Deals

Today, we’re talking about the easiest way to find profitable rental properties in 2024 (and 2025!). It’s not through cold calling homeowners, sending mailers, networking with wholesalers, or doing any other “off-market” strategy. It’s so easy that even real estate investing beginners will have no trouble finding deals. What are we talking about? On-market, MLS (multiple listing service) properties for sale. You might think, “But everything on the market is overpriced; there are NO good deals left!” That’s where you’re wrong, and today’s guest proves it. Dan Nelson has been buying on-market investment properties for two decades now, and he’s built an entire portfolio doing so (even in recent years). Dan knows there’s a time and place for off-market deals, but he has found so many hidden opportunities on the market that he keeps returning to buy. During this episode, Dan shows YOU precisely what to look for when browsing listing websites for rental properties or potential house flips. He shares the hidden opportunities most investors miss and why you should NOT be focused on properties that make money from day one. Instead, he walks through his simple strategy to create serious cash flow only a couple of years after purchasing properties most investors overlook. In This Episode We Cover: Why (for the most part) off-market deals are NOT great for beginners  The reason Dan doesn’t care about “day one cash flow” when buying rentals  Signs that you should offer a lower price on a potential rental property  Why you should always look for on-market deals BEFORE deciding on a market  When it’s time to start buying off-market deals (Beginners should avoid this)  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! BiggerPockets Rental Property Calculator BiggerPockets Real Estate Rent Estimator Grab Dave’s Newest Book, “Start with Strategy” Find an Investor-Friendly Agent in Your Area Top 10 Real Estate Markets for Cash Flow in 2024 Connect with Dan Connect with Dave (00:00) Intro (02:16) Why Buy On-Market Deals (03:26) On-Market vs. Off-Market Explained (06:57) HUGE On-Market Opportunity (13:24) Buy at Asking Price? (15:19) The Cash Flow Secret (19:13) Where Does This Strategy Work? (25:47) Where Does This Strategy Work? (31:59) When to Look Off-Market? (32:55) Buy Your FIRST Rental! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1043 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices