The real estate industry has an abundance of investment properties.
If you want to navigate the industry by yourself, you need to find ways to improve your chances of getting good deals.
As an Investor you can go through multiple listings services like Brent Housing, make some calls or wait for a real estate agent to do everything, but if he does everything how much can you learn about the industry.
Here are ten ways you can find investment properties by yourself.
1. Talk to others
Let people know you are looking for properties to invest in, and word will spread bringing the opportunities to you. This is because there are a lot of property owners out there who want to sell but haven’t yet listed their property.
2. Use the internet
You can go online and use a search engine to find a property on the market. Simply enter the type of real estate you are looking for, along with the city you want to invest in. You might just find what you are looking for.
3. Look for “For sale by Owner” (FSBO)
Some homeowners place the “For Sale by Owner” sign in front of their building to attract buyers to their property. Most do this to avoid paying for adverts on Newspapers, or fees for a multiple listings service. This means that not all properties will be found on these platforms.
4. Find abandoned properties
If you move around any neighborhood you might find abandoned properties. The owners of these buildings are possibly not going to complete them so offering them a deal at a cheap price will be a good investment. But you need to determine the quality of the building, and if it can fulfill the purpose you want to buy it for.
5. Talk to bankers
Talking to bankers might give you a head-start on a foreclosed-on-investment property, and you might buy it cheaper before they list it with a real estate agent.
6. Offer someone a finder’s fee
Some people just seem to know about good real estate deals. Giving them a fee will make them provide new info about a property about to enter the market to you.
7. Eviction Notice
If you still go through the papers you might find houses that are published with eviction notices, or you can go to a courthouse and get this kind of information. For instance, if a landlord has recently evicted his tenants, he possibly wants to sell.
8. Old “For Sale by Owner” (FSBO) ads
If you do a bit of research on two-month-old FSBO ads and find the ones that haven’t been sold, the owner is still likely to sell. In this case, owners might still want to sell but have given up looking for buyers so giving them a reasonable deal to sell the property will encourage them to sell.
9. Put an ad in the paper
Placing an ad on any paper that says “looking for investment properties to buy” can bring those who want to sell to you.
10. Do a drive-by
You can drive around a neighborhood you want to buy a property to look for FSBO signs. Some owners don’t want to pay to keep their ads for sale in a paper every week, so you won’t see their properties there.
To invest in real estate and you want to find the properties by yourself, apply 1, 2, or more of these ways and you will most likely find a property that is worth your time and resources. You can also log on to brenthousing.com to find listings on all types of houses to choose from.