One of the best ways to find lucrative real estate deals is to look for off market deals. Off market properties are those that not listed on the MLS. Many investors prefer to invest in off market properties for sale because they tend to be below market value, face less competition from other buyers, and the sellers are usually more flexible during negotiations.
However, finding good off market properties for investment can be a big hassle, especially for beginner real estate investors. Since off market properties are not publicly listed for sale on the local MLS database, finding an off-market deal can be quite tedious and challenging. Fortunately, there are a number of ways that can help you find off market properties for sale.
How to Find Off Market Properties for Sale
One question that may cross your mind when you hear about off-market properties is, “How can I find these properties if they are not listed?”. It takes a bit of digging and networking to find off-market properties for sale. It’s important to note that you need to spend more time doing so, and you also need a lot of patience because these properties are not easily available.
Here are a few best ways to find off market properties for sale:
1. Real Estate Agents and Brokers
One of the most reliable sources for off-market properties is the real estate agents and brokers. Aside from having a list of home sellers and homeowners who might be selling their properties, they also have access to pocket listings. Pocket listings are listings that are not included on the MLS for which a real estate agent or broker has exclusive rights to sell. This type of listing is usually kept private and is only made available to select buyers.
If you plan to work with agents or brokers, you need to establish a strong business relationship with them first. Most of the time, these real estate professionals only market their off-market deals to certain favored buyers.
Contractors are usually working with property owners, so they are typically a good source of information about off market properties for sale. For instance, if you are looking for off market multifamily properties for sale, a contractor might just be working with some owners who are having a multifamily property fixed up for sale. Adding contractors to your network can work in your favor, as they might know more information about certain deals before they finally come out on the market.
3. Online Resources
This is most likely the easiest way to find the best off market deals. With the real estate technology that powers search websites, finding off market properties for sale is now made possible. There are real estate platforms that actually list off market properties for sale, but most of them are made exclusive to subscribers. If you are planning to invest in off market properties, you should also be willing to spend a little extra dollars to pay for subscriptions to these online resources.
However, not all real estate investor websites are built the same. Therefore, to find the best off market deals, you need to use the best website for off market properties. Keep in mind that not every property that’s considered “off market” will make a good investment.
To determine whether an off market property will be a profitable investment, investors are recommended to do a thorough investment property analysis. Thankfully, there are some real estate platforms that allow you to analyze off market properties for sale so you can make an educated investing decision.
The question now is, “What is the best real estate analytics website that can help you find the best off market deals?”
Why Is Mashvisor the Best Website for Off Market Properties?
Mashvisor is one of the best real estate analytics websites that can help you find off market properties for sale. Aside from its large database that has a wide selection of available listings, this real estate investment software provides immense value to real estate investors in a number of ways.
Mashvisor’s database stores a wide range of inventory from all over the United States. Because of this, it is easier for investors to find the best deals available based on their budget, location, and property type preferences. You can also easily search for off-market properties for sale through Mashvisor’s platform.
Real estate investors looking to buy off market properties can use Mashvisor in the following ways:
1. You Can Add Off Market Properties to Analyze Them
The first reason why Mashvisor is the best website for off market properties is that it allows you to add off market properties to the platform and analyze them. By doing a comprehensive investment property analysis, you will be able to determine if an off market property is a good deal or not.
If you have found an off market property for sale that’s not already in Mashvisor’s real estate database, the platform allows you to add the property easily. You can then use the Mashvisor Investment Property Calculator to estimate its investment potential.
Follow this procedure:
1. Visit Mashvisor’s homepage and enter the property address. If it’s not in our database, you’ll be prompted to add it.
2. Enter basic information about the off market property. This may include:
- Number of Bedrooms
- Number of Bathrooms
- Property Type
- Square Feet
- HOA Dues
- Year Built
- Lot Size
3. Fill out all the information about the off market property for sale correctly and click “Verify”. You will see a message showing that you have successfully added a new property.
4. To get a comprehensive investment property analysis on a property you’ve just added, click “Go to Property Page”. You can then later navigate to the off market properties you have added by checking your “Saved Homes.” To access saved homes, click on the heart symbol at the top left side of the screen.
By entering some basic information about the property like price and mortgage details, the Investment Property Calculator will provide you with the following numbers:
- Rental Income
- Rental Property Expenses (One-time and recurring)
- Cash Flow
- Cash on Cash Return
- Cap Rate
- Occupancy Rate
- Real estate Comps
- Investment Payback Period
Mashvisor’s Investment Property Calculator gives you access to analytics of both Airbnb and traditional rental strategies. Therefore, you can easily know the best rental strategy for that particular off market property for sale. Note that every website for off market properties provides this unique feature. It makes Mashvisor a unique real estate investment software.
2. You Can Find Off Market Properties for Sale in the Marketplace
As mentioned, there are a few strategies on how to find off market properties. You can find off market deals through your real estate network, such as a real estate agent, contractor, and fellow investors. You may also approach homeowners and ask directly if they are selling their property.
However, networking may not be the easiest way to do it, especially because of the competition. Good thing that you also have the option to do an online search using the keyword “off market properties for sale near me.”
However, most of the above property search methods limit your search for off market properties for sale to just your local real estate market. If you want to find the best off market properties, you need to search in different cities and states across the nation. This is where Mashvisor, the best website for off market properties, comes in.
The best way to find off market real estate properties for sale in the US housing market is by searching on Mashvisor’s Property Marketplace. The Marketplace allows investors to quickly and efficiently find a wide array of off market properties such as:
- Short sale properties
- Foreclosed homes
- Bank owned homes
- Auctioned homes
With this tool, you can easily find off market properties that match your criteria using the following property filters:
- Rental strategy (Airbnb or traditional)
- Type of property
- Number of bedrooms/bathrooms
- Cash on cash return
- Cap rate
- Listing type
Moreover, what makes Mashvisor the best website for off market properties is that you can easily analyze off market properties on the platform. After narrowing down your options using the above filters, you can analyze them using our Investment Property Calculator. It can be done with the click of a button.
Unlike most other real estate investor websites that provide limited property data like address and listing price, Mashvisor allows you to do a full analysis. This will help you decide on the ideal investment opportunity for you. As we have seen earlier, Mashvisor’s calculator provides you with all the key real estate metrics you need.
3. You Can Find Homeowners Using Mashboard
Another way that savvy real estate investors find off market deals is by finding homeowners in a top real estate market and reaching out to them with an offer. What many people don’t know is that a good number of homeowners would actually agree to sell their property if they are presented with a good offer. Therefore, knowing how to find out who owns a house can be a great step to finding lucrative off market investment opportunities.
In this regard, Mashvisor is the best website for off market properties because it allows you to access current homeowner data. This includes their address, phone number, and email. Mashboard is the tool that makes this possible. With the homeowner data, you can directly connect with them via the platform and begin negotiations.
So, how do you access homeowner data using Mashboard? It’s quite easy! Once you have logged into your Mashvisor’s account, go to Mashboard and select the “Owner Records” feature. Next, click on “Add Owner list”. You can then set up your homeowner search filters. This also includes the type of homeowner contact details you want to obtain (address, email, and phone). Mashboard supports the following filters:
- State (obligatory)
- Property Type
- Zip Code
- Sale Date
- Year Built
- Contact Data
If you have a specific off market property in mind, you can access its homeowner data by simply entering the exact street address. You can also get a list of homeowners in a specific market by using the filters above to personalize your search.
Once you have set the filters, your homeowner data list will start being generated. When it’s ready, you will get an email notification. You can access this list on Mashboard and get in touch with the homeowners to begin negotiations.
Watch the video below and follow along to learn how to find homeowner data using Mashvisor.
The Bottom Line
To find the best off market properties for sale, you need to use the best website for off market properties. While there are several real estate investor websites, not many provide the utility and convenience of Mashvisor. The platform helps in not only finding off market deals but also in analyzing off market properties and finding homeowner data. The best way to find out if Mashvisor is really the best website for off market properties is to try it out.
To start looking for off market properties for sale in the US housing market, sign up for a free 7-day free trial of Mashvisor now.