If you want to find the best values in the investment market, you need to increase the odds in finding these deals. Who do you think will snag these cheap apartment building, an investor who calls it a day or the one who uses these ten tips?
Here they are:
1. Have a discussion. If you tell people what you you are looking for sometimes it comes to you. There are a lot of owners out there who want to sell, but haven’t yet listed their property.
2. Surf online. Use the search engines to find the type of real estate you are looking for, along with the city you want to invest in. You do not know what you could figure out.
3. Go around town looking for the "For Sale By Owner" signs. Owners often don’t want to pay to keep the ad in the paper every week, so you won’t see all properties there.
4. Determine abandoned properties. This is great sign the owner would like to get rid of it. He could sell for much less that market value.
5. Find old "For Rent" ads. Call them even if its weeks old. Landlords would be eager to sell, especially if the haven’t yet rented the units out.
6. Talk to bankers. You might get a foreclosed-on investment property cheaper if you buy it before they list it with a real estate agent.
7. Offer someone a finder’s fee. There are folks that certainly seem to be aware about the great bargains. Have those people contacting to you.
8. Eviction letters.If your local papers publish eviction notices, or use some information you got from the courthouse if you can.A landlord who just went through the process of evicting tenants is a likely seller.
9. Old FSBO ads. Those "For Sale By Owner" ads that are two months old, may give you a deal. Many owners have other things to do, besides push the sell of the property. Help them out!
10. Create an ad in the paper. "Need to purchase investment properties," this may get a few people to call you.
Comments