How To Uncover Local Investment Properties: The Craziest Strategies Never Revealed
Lots of investors are looking to get started, and as active real estate experts in , we get asked to share our secrets quite a bit.
I guess it’s a good thing we like to pay it forward :]
If I had to go for the most popular question of all that we get- I’d say the most popular is, ” How should I go about finding amazing investment properties in ?””
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 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 .
Below we’ll share some things you can do to find local 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.
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. 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 to build stronger communities. Ultimately, we’re 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 nearly impossible to make a massive amount of cash in a short-term real estate deal, those come but they are 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.
It also means that if you don’t find the local investment properties you’re looking for right away… just know that this isn’t a sprint… it’s a marathon.
That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Second, focus on relationships.
I guarantee that the 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 Investing 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 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 investment properties that fit your parameters- you never know who your next deal is gonna come from. Learning how to find good investment property in 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 market.
Who should you get to know( Hopefully all the weird symbols will really make you pay attention ;-))?
$$$ A few of the top investment friendly real estate brokers in $$$
$$$A couple real estate appraisers who deal w/ the types of properties you deal with$$$
$$$The top rated handful of property wholesalers in the area$$$
$$$The top handful of property rehabbers / flippers in the area$$$
$$$Title agents that deal with investment properties quite a lot$$$
Third, identify your target 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 store fronts.
Others focus on residential apartments, while others deal strictly with retail. Take your time… do your homework- review the distinct segments of the 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 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.
Last, but not least…. use TECHNOLOGY
Sign up for our list of exceptional 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 multiple listing service 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 .
If you’re looking to seriously make investments in , we’d love to chat with you to learn your criteria, preferences, and objectives.
So hopefully you now know how to find good investment properties in . If you have questions give us a call or join our buyers list below!
Give us a call at or fill out the form to get started now.
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We’re happy to help you find answers to your toughest questions about , real estate, so please feel free to call us at and chat with us anytime.
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