How to find an excellent investment property in Detroit to purchase

How to find an excellent investment property in Detroit to purchase

 

How to find an excellent investment property in Detroit to purchase-real estate invest

 

As recognized expert local Detroit , Michigan investors, we get requests constantly to share some of our secrets to success.

I guess it’s a good thing we like to pay it forward :]

One of the most important questions we get from neighborhood investors is “How to find very good investment propert in Detroit ?”

Since the turn around of the housing market and the near disappearance of foreclosure deals, investors are having to become more creative in their hunt for quality local Detroit investment property deals.

We source our properties from a variety of marketing routes… online, offline, etc… so there is no one way that is the best way to find good investment properties in Detroit .

 

Below we’ll share some things you can do to find local Detroit high ROI investment properties to add to your portfolio.

Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.

I guess it’s a good thing that we feel that the more we help, the more information we put out there, the more business will come our way. In order to accomplish things we otherwise couldn’t by ourself we work with other investors.

 

We want to improve the quality of investment in Detroit , and help to restore the prestige and reduce the stigma associated with investing. We share what we’ve learned and our philosophies in the hope of showing investors the “right way”. Basically, we’re all investing in the same places, so it makes sense to do it right.

There’s a few core principles that are important to understand if you want to get the best investment property deals.

 

First, think long term.

Real estate isn’t like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s virtually impossible to make a crazy amount of cash in a short-term real estate deal, those come few and far between.

People have been investing in real estate since the dawn of time, so don’t expect that your “new” approach is going to blow the competition away. Sorry to bust your bubble, but chances are that it’s been tried before and there’s a reason it’s not that prevalent. Learn from the past and other investors’ experience, don’t try to re-create the wheel.

 

Also, realize that real estate investing is a marathon not a sprint. Being successful as a real estate investor means that you are steadfast, stubborn, and patient. Don’t be in a hurry to conquer the investing world- It’s going to take time, but if you stick with it you can be more successful than you can imagine.

 

There’s always more than one way to “skin a cat” so when it comes to being the best Detroit real estate investor you can be, having as many property sources as possible is key. Feel free to add our Detroit Investment Property Buyers **List** to give yourself as many options as possible. Making money in real estate can really be boiled down to buying property at the right price… We have better than “right” prices!

Second, focus on relationships.

I guarantee that the Detroit investment world is so much smaller than you think.

There are only a handful of brokers and investors who conduct most of the business in the market.

They’re used to working with the same people on a regular basis. Trust me when I say this… It’s well worth your time and effort to identify them. If you can… Learn From Them, Work With Them. Make yourself useful- bring them a good opportunity and let them reciprocate. They’re your best source of good deals, now and in the future.

How do you form a relationship with them? Go to your local REIA ( Real Estate Investors Association) and find the people who are active and talk to them. Ask the most active folks there which good ( by good I mean actually have deals priced at wholesale vs retail- there’s a huge difference)wholesalers in Detroit are active- get their info- and make sure to find out which realtors, and title companies they work with. As a matter of fact- let anyone you meet at the REIA know that you are looking to buy Detroit investment properties that fit your criteria- you never know who your next deal is likely to come from. Learning how to find good investment property in Detroit isn’t a hard thing… but relationships can be a key element in getting some of the best deals on properties that no one else has access to in the Detroit market.

 

Who should you form relationships with( Hopefully all the random symbols will really make you pay attention ;-))?

 

– – – The most well known investor friendly Detroit real estate brokers- – –

– – -Real estate appraisers who work with properties similar to your ideal properties- – –

– – -The top notch few property wholesalers in the area- – –

– – -The top handful of property rehabbers / flippers in the area- – –

– – -Title agents that work with investment properties a good deal- – –

 

Third, identify your target investments.

To be successful in investing, just like in everything else, you have to be focused. You have to mine your niche- focus on what makes you money. Some people make millions just in parking garages or store fronts.

 

Others are experts in residential apartments, while others deal strictly with retail. If you take the time to do your homework, you can assess the various segments of the Detroit market to see which opportunities are really the best for you – and not just the best marketed. Once you find exactly what you want to invest in, you can build a plan to find out who owns it and make sure that they know to call you when they want to sell that property.

This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.

Finally – use technology.

Sign up for our list of exclusive properties, and we’ll tell you instantly when we find a great investment. Glymph Properties frequently sources properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. There’s other ways to get notified about properties on the open market – you should get familiar with searching the the local mls with the rest of the herd, because every once in a blue moon a great deal shows up.

We don’t even look at anything remotely average – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Detroit .

 

If you’re looking to seriously make investments in Detroit , we’d love to chat with you to learn your criteria, preferences, and objectives.

So hopefully you now know how to find wonderful investment properties in Detroit . If you have questions give us a call or join our buyers list below!

Give us a call at 888-509-6267 Ext 3 or fill out the form to get started now.

Sell Your Detroit House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about Detroit , Michigan real estate, so please feel free to call us at 888-509-6267 Ext 3 and chat with us anytime.

Are you looking to find other properties to invest in… visit our investor website or give us a call anytime at 888-509-6267 Ext 3 for Great High ROI properties

www.gpsellshomes.com/investment-properties- Detroit

Check out our investing articles to educate investors!

Not only do we have properties around the globe but we also have real estate in Michigan : 48201, 48202, 48203, 48204, 48205, 48206, 48207, 48208, 48209, 48210, 48211, 48212, 48213, 48214, 48215, 48216, 48217, 48219, 48221, 48223, 48224, 48225, 48226, 48227, 48228, 48233, 48234, 48235, 48236, 48238, 48239, 48240, 48243.

 

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Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Fair Cash Offer

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