How To Uncover Local Odessa Investment Properties: The Craziest Methods Never Discussed

How To Uncover Local Odessa Investment Properties: The Craziest Methods Never Discussed

How To Uncover Local Odessa Investment Properties: The Craziest Methods 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 Odessa expert investors newbs, newbies ask us all the time to share our secrets.

 

Our mamas always told us to be blessings to other- so we try to help any chance we get…

If I had to choose the most popular question of all that we get- I’d say the most popular is, ” How should I go about finding profitable investment properties in Odessa?””

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 Odessa investment property deals.

 

At Glymph Properties we recognized early on that there was no one right way to find local Odessa investment properties. We find our deals directly from owners and indirectly from brokers & wholesalers, our website , classified posting sites, traditional letters/postcards, and from “bird dogs” (acquisition agents).

 

The info below will walk you through some of the things you can do to find great Odessa 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. Working together with other investors allows us to do things we can’t do along.

 

We want to improve the quality of investment in Odessa, 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 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 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 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. 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 as successful as you’d like.

That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Odessa Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.

 

Second, focus on relationships.

The investment community in Odessa 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? 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 Odessa investment properties that fit your criteria- you never know who your next deal is gonna come from. Learning how to find good investment property in Odessa 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 Odessa market.

 

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

– – – A few of the top investment friendly real estate brokers in Odessa- – –

– – -A couple real estate appraisers who deal w/ the types of properties you deal with- – –

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

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

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

 

Third, identify your ideal 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 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 distinct segments of the Odessa 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 develop 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 great deal of work- it’s the most dependable way to create long-term, generational wealth.

 

Last, but not least…. use TECHNOLOGY

Sign up for our list of exclusive properties, and we’ll tell you instantly when we find a great investment. We frequently source 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 buy any properties that would result in anything resembling an average or below average ROI – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Odessa.

 

If you’re looking to seriously make investments in Odessa, 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 Odessa. 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 Odessa House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about Odessa, Texas 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

Visit our investor website

Check out our investment blog!

Not only do we have properties around the globe but we also have real estate near Texas : 79761,�79762,�79763,�79764,�79766.

 

***********************************************************************************************************************

 

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

Visit our website See how it works

Free seller resources!

***********************************************************************************************************************

Are you looking for rent to own properties… visit our rent-to-own website or give us a call anytime at 888-509-6267 Ext 5 for a Fair Cash Offer

Visit our rent-to-own website

Free rent-to-own resources!

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

, , , , , , , , , , , , , , , , ,

No comments yet.

Leave a Reply