Insiders Guide to Find The Appropriate Investment Properties To Purchase
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.
Our parents always told us to be blessings to other- so we try to help any chance we get…
One of the biggest questions we get from local investors is “How to find high-quality investment propert 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 .
The info below will walk you through some of the things you can do to find great investment properties to add to your portfolio.
Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.
That’s not how we work. Working together with other investors allows us to do things we can’t do along.
We share our learning and our philosophies here because we want to improve the quality of investment in to build stronger communities. Ultimately, we are 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.
One, you have to 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 practically impossible to make a massive 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.
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.
This is important… Relationships are crucial. You want to find the best investment properties have a great realtionship with local brokers, realtors, lenders, title companies, and investors.
The investment community in is much smaller than most people 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 market.
They’re used to working with the same people on a regular basis. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now and in the future.
How do you get to know them? We’d advise going to your local REIA ( Real Estate Investing 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 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 criteria- 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 deals easy. Relationships are a key factor to getting some of the best deals on investment properties before anyone else has a chance to purchase them.
Who should you get to know( Hopefully all the weird symbols will really make you pay attention ;-))?
$$$ A few of the top investment friendly real estate brokers in $$$
$$$Real estate appraisers who work with properties similar to your ideal properties$$$
$$$The top notch few property wholesalers in the area$$$
$$$The top property rehabbers/flippers$$$
$$$Title agents that work with investment properties quite a lot$$$
Third, identify your target investments.
Investing is like many other aspects of life – the people who are the most focused often succeed the most. You have to determine your niche- focus on what will make you money. Some people make millions just in raw land or storage units.
Others are experts in residential rentals, while others deal strictly with retail. If you take the time to do your homework, you can review the various 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 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 whole lot of work- it’s the most dependable technique to create long-term, generational 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. 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 the local 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 .
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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