How To Find Local Phoenix Investment Properties: The Greatest Secrets and techniques Never Discussed
Thanks to popular investing and flipping shows on networks like HGTV, FYI, and DIY, real estae investors world over are looking to get started. As very visible, active local Phoenix expert investors newbs, newbies ask us all the time to share our secrets.
I guess it’s a good thing we like to pay it forward :]
9/10 times, the one question that almost every local Phoenix investor has ready to ask is, ” Precisely what is the best method to identify great investment properties in Phoenix ?”
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 Phoenix 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 Phoenix .
Below we’ll share some things you can do to find local Phoenix high ROI investment properties to add to your portfolio.
Most investors don’t share their “secrets” because they see everyone as opponents and are afraid that they’ll be used against them by competitors.
That’s not how we work. In order to accomplish things we otherwise couldn’t by ourself we work with other investors.
We share our learning and our philosophies here because we want to improve the quality of investment in Phoenix to build stronger communities. Basically, we’re all investing in the same places, so it makes sense to do it right.
To get the best investment properties there are only a few core tenants to understand.
First, think long term.
Real estate doesn’t move 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 but they are few and far between.
So don’t expect to get away with fancy tricks, or that you’re smarter than the people who have been doing this stuff for years. 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 being 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.
That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Phoenix Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
This is important… Relationships are crucial. You want to find the best Phoenix investment properties have a great realtionship with local brokers, realtors, lenders, title companies, and investors.
I guarantee that the Phoenix investment world is so much smaller than you think.
Most investors don’t realize that there are really only a handful of major wholesalers, brokers, and investors who conduct most of the business in the Phoenix market.
You may have been in the same boat as most investors and hadn’t realized this, but that’s because the key players usually work with the same people on a regular basis. Unless you have occasion to work with them chances are you’ll never get to see how lucrative their friendship can be. 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 the area 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 Phoenix investment properties that fit your parameters- you never know who your next deal is going to come from. Understanding the age old concept of “it’s not what you know, it’s who you know” can make finding the best Phoenix deals easy. Relationships are a key factor to getting some of the best deals on Phoenix investment properties before anyone else has a chance to purchase them.
Who should you form relationships with( Hopefully all the random symbols will really make you pay attention ;-))?
$$$ The most well known investor friendly Phoenix real estate brokers$$$
$$$Real estate appraisers who work with properties similar to your ideal properties$$$
$$$The top notch handful of property wholesalers in the area$$$
$$$Active Phoenix property rehabbers/flippers$$$
$$$Title agents that deal with investment properties quite a lot$$$
Third, identify your ideal investment houses.
Investing in Phoenix is the same as investing in any other city on the planet, you have to be focused. You have to determine your niche- focus on what will make you money. Some people make millions just in raw land or store fronts.
Others specialize in residential apartments, while others deal strictly with retail. Take your time… do your homework- review the different segments of the Phoenix 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 own, you can develop a plan to find out who currently owns it and make sure that they know to call you when they want to sell that property.
This takes a whole 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 exceptional investment properties, and we’ll alert you instantly when we find a great investment. Glymph Properties frequently sources investment 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 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 Phoenix .
If you’re looking to seriously make investments in Phoenix , we’d love to chat with you to learn your wants, wishes, and objectives.
So hopefully you now know how to find good investment properties in Phoenix . 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.
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