You have to increase your odds by finding more deals if you really want the best deals in investment properties. Any ideas who can get a cheap apartment building, an investor who looks through the MAL listings and calls it a day, or one that uses ten resources? Here are the ten:
Talking.
Let people know you are looking and sometimes the properties will come to you. Many owners out there haven't listed their property yet but they do want to sell.
Make use of the Internet.
Along with the city you want to invest in, enter the type of real estate you are looking for when you go to a search engine. You never know what you might find.
Look for 'for sale by owner' signs.
You won't see all properties in the paper since owners don't often like paying to keep the ad there every week.
Why you should find abandoned properties.
This indicates that dealing with the property is something the owner doesn't want to do. It's possible he will sell it cheap.
Try finding old 'for rent' ads.
Give them a call if they are a few weeks old. If they haven't rented the units out, then landlords are often ready to sell.
Talking to bankers.
You might get a foreclosed-on investment property cheaper if you buy it before they list it with a real estate agent.
Offering a finder's fee to someone.
Some people seem to about the good deals all the time. Have such people coming to you.
Eviction notices.
If you can get information at the courthouse or if your local papers publish eviction notices, then it can be useful. A landlord who just went through the process of evicting tenants is a likely seller.
What are old FSBO ads?
If two-month old 'For sale by owner' ads haven't been sold, they may be ready to deal. How about helping them out? Even though owners have given up the effort, they would still love to sell.
In the paper, try to put an ad.
Generating a few calls is 'looking for investment properties to buy.'
Talking.
Let people know you are looking and sometimes the properties will come to you. Many owners out there haven't listed their property yet but they do want to sell.
Make use of the Internet.
Along with the city you want to invest in, enter the type of real estate you are looking for when you go to a search engine. You never know what you might find.
Look for 'for sale by owner' signs.
You won't see all properties in the paper since owners don't often like paying to keep the ad there every week.
Why you should find abandoned properties.
This indicates that dealing with the property is something the owner doesn't want to do. It's possible he will sell it cheap.
Try finding old 'for rent' ads.
Give them a call if they are a few weeks old. If they haven't rented the units out, then landlords are often ready to sell.
Talking to bankers.
You might get a foreclosed-on investment property cheaper if you buy it before they list it with a real estate agent.
Offering a finder's fee to someone.
Some people seem to about the good deals all the time. Have such people coming to you.
Eviction notices.
If you can get information at the courthouse or if your local papers publish eviction notices, then it can be useful. A landlord who just went through the process of evicting tenants is a likely seller.
What are old FSBO ads?
If two-month old 'For sale by owner' ads haven't been sold, they may be ready to deal. How about helping them out? Even though owners have given up the effort, they would still love to sell.
In the paper, try to put an ad.
Generating a few calls is 'looking for investment properties to buy.'
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