You have to increase your odds by finding more deals if you really want the best deals in investment properties. How can you get a cheap apartment building, an investor that looks calls it a day after looking through the MAL listings, or the ones that uses 10 resources? Below are the 10:
Benefits of talking.
If people know that you are looking, then sometimes the properties will come to you. Out there, there are a lot of owners who want to sell but haven't listed their property yet.
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. Who knows what you'll 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.
Find abandoned properties.
That's a pretty clear sign that the owner doesn't want to deal with the property. He might sell cheap.
Find old "For Rent" ads.
Give them a call if they are a few weeks old. Often ready to sell are landlords especially if they haven't rented the units out.
Talk to bankers.
Before they list a foreclosed-on investment property with a real estate agent, you might get it cheaper if you buy it.
Offering someone a finder's fee.
Some people seem to about the good deals all the time. Have such people coming to you.
Using eviction notices.
It can be useful if your local papers publish eviction notices or if you can get information at the courthouse. If the process of evicting tenants is what the landlord just went through, then it's possible he's a seller.
More on old FSBO ads
They may be ready to deal if two-month old 'for sale by owners' ads are not yet sold. Help them out! Owners often give up the effort, but still would love to sell.
Try putting an ad in the paper.
"Looking for investment properties to buy," might be sufficient to generate a few calls.
Benefits of talking.
If people know that you are looking, then sometimes the properties will come to you. Out there, there are a lot of owners who want to sell but haven't listed their property yet.
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. Who knows what you'll 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.
Find abandoned properties.
That's a pretty clear sign that the owner doesn't want to deal with the property. He might sell cheap.
Find old "For Rent" ads.
Give them a call if they are a few weeks old. Often ready to sell are landlords especially if they haven't rented the units out.
Talk to bankers.
Before they list a foreclosed-on investment property with a real estate agent, you might get it cheaper if you buy it.
Offering someone a finder's fee.
Some people seem to about the good deals all the time. Have such people coming to you.
Using eviction notices.
It can be useful if your local papers publish eviction notices or if you can get information at the courthouse. If the process of evicting tenants is what the landlord just went through, then it's possible he's a seller.
More on old FSBO ads
They may be ready to deal if two-month old 'for sale by owners' ads are not yet sold. Help them out! Owners often give up the effort, but still would love to sell.
Try putting an ad in the paper.
"Looking for investment properties to buy," might be sufficient to generate a few calls.
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