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How to Find Amazing Real Estate Deals on Craigslist (Part 1) - YouTube
Channel: REtipster
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- Hey guys.
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How's it going?
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This is Seth from REtipster,
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and if you're looking
for low and no cost ways
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to find great real estate deals
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from highly motivated sellers,
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there is an ocean of
opportunity at your fingertips,
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if you know how to use the multitude
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of free ad posting directories out there.
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I'm talking about websites
like Facebook Marketplace,
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Craigslist, Zillow,
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and even some of the lesser known websites
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that have less traffic,
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and sort of come and go with time,
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but still they offer access to deals
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that you're not gonna find listed
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on your local MLS system.
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If you have the luxury of time,
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and you can start by
searching these websites
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for motivated sellers,
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there's a lot of value to be found here,
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and luckily, all these websites give you
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a lot of really helpful ways
to narrow down your search
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so you're really focusing
in on the properties
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that are most likely to have
some good potential for you.
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I'm just gonna show you one example here.
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Now this is on Craigslist.
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A website that pretty much
everybody's familiar with.
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It gets tons and tons of traffic.
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If you wanted to get
started looking for deals,
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you could start by either clicking
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on this housing section here.
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That's gonna take you to literally
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everything that has to do with housing,
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or you could drill down even further,
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and click on the real
estate for sale button.
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I'm gonna go ahead and click
on that one right here,
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and on this next page,
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you can really make use of
all the nice filtering options
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that they make available on the site.
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For example, I might start by specifying
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a price range, the number
of bedrooms and bathrooms,
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and locations that I consider acceptable.
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This is with the
assumption that I'm looking
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for a single family home or a duplex
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or something like that.
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When it comes to price,
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I might put something
like, $20,000 to $100,000,
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and then for bedrooms,
we're gonna say two,
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and then bathrooms we're gonna
say at least one, obviously,
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and already it's starting to
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filter out our options over here,
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and then for square footage,
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I'm gonna just leave
that one alone for now.
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Availability, I'm gonna
leave that as all dates.
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It does not need to be furnished.
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I don't care if it's
smoking or no smoking.
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Wheel chair access.
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That stuff doesn't matter.
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In this example here,
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I'm looking for dirt cheap real estate
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that I can buy at a discount,
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and a lot of times when you get
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in those kinds of properties,
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it means there's some
kind of problem going on.
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Something you need to do to
step in and fix the problem
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or add value in some way.
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When it comes to housing type,
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if you know exactly what kind of property
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you do and do not want,
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you can obviously specify all that here.
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In my case, I might check
house, flat, duplex.
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Probably not gonna find
many cottages and cabins
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in the middle of Chicago,
but you never know.
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Not really looking for
a condo or an apartment.
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I know there's tons of those in Chicago,
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but I'm not gonna mess
with that in this example.
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Sure, what the heck.
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Click this, click that,
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and we'll just call it good for now,
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and then laundry.
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This doesn't really matter
for what I'm looking for.
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Parking, I'm willing to
accept whatever I can find,
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so I'm not gonna mess with that,
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and then we can update the search,
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and we still have lots of options here.
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216 to look at.
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Something else we can do here,
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is start looking
specifically by key words,
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and there's a lot of keywords out there
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that end up being baked in
to the property descriptions
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or even the titles of
the property listings
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that end up being at great deals.
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For example, one of those
keywords commonly used
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is the word fixer,
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because that's part of
what goes into fixer upper,
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and if the property owner,
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or the listing agent
chose to put that word,
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somewhere in their property description,
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it's obviously not a
guarantee of anything,
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but there's probably a higher likelihood,
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that you'd actually be able
to get a property like this,
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at a price that is far below market value,
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because if they say it's a fixer upper,
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it's probably gonna need some work
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and it's gonna be less appealing
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to the typical retail buyer
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who would be willing to pay full price,
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and there's actually a ton
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of these types of keywords,
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that can help you zero
in on the properties
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that appeal to investors
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who are looking to buy their
properties at a lower price.
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I've actually got a list of a whopping 50
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of these kinds of keywords,
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that you can employ in
this kind of search.
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If you want to see all those keywords
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you can check out the blog post
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associated with this video,
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and I'm gonna have a
link to that blog post
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right in the description below,
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so go ahead and click on
that if you're interested,
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but simply using these kinds of keywords,
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are going to narrow down
your list even further,
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so that you're only seeing the ones
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with those keywords on them.
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You can see right here,
it's gone down to 53.
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If we want to click on any of these,
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a lot of these still probably
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aren't gonna be exactly
what we're looking for,
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but when you apply all
these filtering criteria in,
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put a keyword or two or three in there
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that really specify
what you're looking for,
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it can really help you weed out,
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a lot of the junk that you're never
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gonna wanna look at anyway,
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and just zero in on the properties
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that most likely fit the description
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of what you actually want.
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Now remember, if you're
gonna go this route,
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you're gonna have to be smart about it,
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because you can waste a ton of time
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just looking line by line
at every single listing
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and the truth is,
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the vast majority of these listings
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will not be worth your while,
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so it's important to use this kind
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of search functionality to keep the fluff
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out of your searches, and zero in on,
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exactly what you're looking for,
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and if you want to take this even further,
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you can actually set
some automation in place
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by having these search results
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delivered right to your email inbox,
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so you don't even have to get in here
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and like keep an eye
on this stuff manually
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every single day.
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All you have to do is go
over here to save search,
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and then it's gonna
remember all those things
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you specified, which market,
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which housing type,
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the maximum and minimum price,
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bedrooms, bathrooms,
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all the stuff we just did,
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it's basically just going to remember that
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and send you alerts for
this right to your inbox.
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Go ahead and click on edit here.
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We can give this alert a name.
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Whatever we want that to be,
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like, I don't know.
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I might call this Chicago Fixer,
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or something like that,
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and then we also need to make sure
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we're clicking this email thing,
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so that it actually does send us email
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because if we don't, obviously
nothing's gonna happen.
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I'll go ahead and save that,
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and another thing, I just
kinda want to point out here
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is that you can take this even further.
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If you go back here to the search page,
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and let's say there's actually
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several different keywords
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that you want to have included,
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and, or there's several keywords
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that you don't want to have included.
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It's really easy to specify all that too,
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just by putting a comma in here,
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adding all the stuff that
you want to have included
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and then also if there's words
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that you don't want to have included,
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you just put a minus sign,
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and then put that word in there as well.
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Luxury would be a word,
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that I probably would not be looking for
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if I'm looking for great deals.
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Not really looking for
anything with a view.
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Maybe take out some of these buzzwords
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that people like to
use when they're trying
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to play up the value of their property.
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You get the idea.
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It's obviously up to you to specify
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which kinds of keywords
you do or don't want
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to appear in your listings.
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Hopefully that just shows
you a little further
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just how much you can specify this,
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and then again, once
you've searched for that,
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looks like that was a little too specific,
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because now we got
absolutely nothing here,
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but once you've got your results dialed in
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to something that's
actually working for you,
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you can go ahead and save it,
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and get alerts every time
those results pop up.
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Go ahead and save that search.
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We've got another one.
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Go ahead and click this.
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Make sure that the alerts are actually on,
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and is labeled the way we want,
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and you get the idea.
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Just to give you a quick idea
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what those search alerts look like,
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when you get the email from Craigslist,
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it looks something like this,
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basically just has the alert,
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with that label that you created
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in the subject line, and you scroll down,
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you can see all the main pictures.
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There's links to the
actual listings themselves,
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if you want to check them
out, you can do that,
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and it basically, in this example anyway,
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it's showing me the first 20 results.
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I think that's what it does all the time,
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but if you want to see the rest,
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you can click view all the results,
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and if you want to unsubscribe,
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you can do that pretty easily.
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It's pretty straightforward,
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and in terms of how frequently
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these email alerts get sent out.
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This is the frequently asked questions
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about saved searches and alerts
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on the Craigslist website,
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and that when you go down here,
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it asks when will my
search alert email me?
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Basically doesn't answer
the question all that well.
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The next one here,
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how are search alert emails scheduled?
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Based on the number of
results in the last alert.
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The fewer the results,
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the more frequent the search.
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Again, doesn't exactly tell us
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specifically, how frequently,
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or when these emails
are gonna come through,
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but again folks, it's Craigslist.
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It's free.
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What do you expect?
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But it does work,
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and it will certainly save you some time,
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versus having to manually go to the site
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and look for this stuff every single day
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and it also should go without saying,
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but I'll say it anyway.
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In order to do all this stuff,
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you need to actually have
a Craigslist account.
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If you don't have one yet,
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it's really easy to sign up.
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Again, it's free.
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Not hard to do,
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but be sure to do that as well,
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so you can keep moving on this.
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Some other quick tips.
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If you are going to use Craigslist,
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to try to find deals like this.
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If you're going to search for deals
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on sites like Craigslist,
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make sure you're doing it daily,
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and actually stay on top of your leads
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and the alerts that get sent through.
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These listings are a moving target.
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New opportunities showing up each day
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that weren't there before,
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so you really need to pay attention,
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or you're definitely gonna miss things,
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and also try to develop a system.
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Even if it's just a spreadsheet
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or a pretty basic CRM system
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just to keep track of which listings
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you've already contacted,
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and which ones on your list,
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you still want to reach out to,
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and also follow up after
your initial contact.
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A lot of sellers are gonna ignore
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or overlook the first
contact that comes in
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whether it's by phone or email.
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When it comes in again,
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it becomes a much harder to miss.
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Just remember there's a lot of success,
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in simply following up
after the first contact.
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If you want to see the full blog post
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associated with this video,
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you can click on the link
in the description below.
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It will take you right there,
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and you can see a lot more details,
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about what we've covered here
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and a lot of other stuff.
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Thanks for watching.
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Hope you found this helpful,
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and I'll talk to you
again in the next video.
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