How To Locate Local Philadelphia Investment Properties: The Biggest Techniques Never Discussed

How To Locate Local Philadelphia Investment Properties: The Biggest Techniques Never Discussed

How To Locate Local Philadelphia Investment Properties: The Biggest Techniques Never Discussed-real estate investing

 

As recognized expert local Philadelphia , Pennsylvania 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 :]

If I had to pick out the most popular question of all that we get- I’d say the most popular is, ” How would I find high ROI investment properties in Philadelphia ?””

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 Philadelphia 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 Philadelphia .

 

Below we’ll share some things you can do to find local Philadelphia 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. We work with other investors to accomplish things together that we can’t do alone.

We share our learning and our philosophies here because we want to improve the quality of investment in Philadelphia to build stronger communities. Basically, we are all investing in the same communities, 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 but are rare.

 

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. Thinking long-term means learning from the past to better anticipate the future.

 

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 Philadelphia Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.

Second, focus on relationships.

The investment community in Philadelphia is much smaller than most people think.

There are only a handful of brokers and investors who conduct most of the business in the 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? We’d advise going to your local REIA ( Real Estate Investors Association) and talking with the most active investors there.. 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 Philadelphia investment properties that fit your parameters- you never know who your next deal is gonna come from. Understanding the age old concept of “it’s not what you know, it’s who you know” can make finding the best Philadelphia deals easy. Relationships are a key factor to getting some of the best deals on Philadelphia 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 Philadelphia 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 Philadelphia property rehabbers/flippers- – –

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

 

Third, identify your ideal investment houses.

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

 

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 Philadelphia market to see which opportunities are truly 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.

 

Although it takes a large amount of work- it’s the most dependable strategy to create long-term, generational 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 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 Philadelphia .

If you’re looking to seriously make investments in Philadelphia , we’d love to chat with you to learn your wants, wishes, and objectives.

 

Hopefully you’ve learned how to find wonderful investment properties in Philadelphia . 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 Philadelphia House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about Philadelphia , Pennsylvania 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- Philadelphia

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