Insiders Guide to Discovering The Right Plano Investment Houses To Buy
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 Plano 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 :]
One of the most popular questions we get from local investors is “How to find good quality investment propert in Plano ?”
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 Plano 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 Plano .
The info below will walk you through some of the things you can do to find great Plano 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 Plano , 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.
To get the best investment properties there are only a few core tenants to understand.
One, you have to 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.
There’s always more than one way to “skin a cat” so when it comes to being the best Plano real estate investor you can be, having as many property sources as possible is key. Feel free to add our Plano 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!
This is important… Relationships are crucial. You want to find the best Plano investment properties have a great realtionship with local brokers, realtors, lenders, title companies, and investors.
I guarantee that the Plano 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 Plano 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. Once you develop a good network, they’ll become your best source of high ROI deals.
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 them which real estate agents they use, what wholesalers in the area are active (and get their info) and let everyone you can find know that you are looking for investment properties that fit your criteria. Understanding the age old concept of “it’s not what you know, it’s who you know” can make finding the best Plano deals easy. Relationships are a key factor to getting some of the best deals on Plano investment properties before anyone else has a chance to purchase them.
Who should you form relationships with( Hopefully all the crazy symbols will really make you pay attention ;-))?
>>> A few of the top investment friendly real estate brokers in Plano >>>
>>>Real estate appraisers who work with properties similar to your ideal properties>>>
>>>The best few property wholesalers in the area>>>
>>>The best Plano property rehabbers/flippers>>>
>>>Title agents that work with investment properties a great deal>>>
Third, identify your ideal investments.
To be a successful Plano investor, just like in everything else, you have to be focused. You have to determine your niche- focus on what makes you money. Some people make millions just in raw land or store fronts.
Others focus on residential rentals, while others deal strictly with retail. Take your time… do your homework- evaluate the various segments of the Plano 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 currently 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 exclusive investment properties, and we’ll notify 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 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 Plano .
If you’re looking to seriously make investments in Plano , we’d love to chat with you to learn your criteria, preferences, and objectives.
Hopefully you’ve learned how to find fantastic investment properties in Plano . 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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We’re happy to help you find answers to your toughest questions about Plano , 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
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