678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!In This Episode We Cover:How the housing market has shifted and whether or not we’ve become a buyer’s marketOff-market vs. on-market deal-finding strategies and which makes sense in 2022/2023Using “emotional influence” to get a seller to agree to your terms as soon as possibleBuilding relationships with listing agents so they act as your ally in a dealHow to leverage “bad news” to turn frustration into motivation for a seller Tell-tale signs of a motivated seller that will quickly get a deal doneAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramBiggerPockets Podcast 677BiggerPockets Podcast 667These 20 Housing Markets Are Cooling the Fastest, According to RedfinConnect with Jamil:Jamil's BiggerPockets ProfileJamil's InstagramJamil's YouTubeClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Episode 678 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "678: Is the Buyer’s Market Back? How to Find Deals and Steals on the MLS w/Jamil Damji" was published on October 23, 2022 and runs 58 minutes.

October 23, 2022 ·58m · BiggerPockets Real Estate Podcast

Summary

Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount. Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market. David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon! In This Episode We Cover: How the housing market has shifted and whether or not we’ve become a buyer’s market Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023 Using “emotional influence” to get a seller to agree to your terms as soon as possible Building relationships with listing agents so they act as your ally in a deal How to leverage “bad news” to turn frustration into motivation for a seller  Tell-tale signs of a motivated seller that will quickly get a deal done And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 677 BiggerPockets Podcast 667 These 20 Housing Markets Are Cooling the Fastest, According to Redfin Connect with Jamil: Jamil's BiggerPockets Profile Jamil's Instagram Jamil's YouTube Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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