Several Things You Need To Learn About Locating Austin Investment Properties 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 Austin expert investors newbs, newbies ask us all the time to share our secrets.
Fortunately, we love to share 🙂
If I had to select 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 Austin ?””
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 Austin investment property deals.
At Glymph Properties we recognized early on that there was no one right way to find local Austin investment properties. We find our deals on online & offline, our website www.gpsellshomes.com/investment-properties- Austin , 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 Austin 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 operate. Working together with other investors allows us to do things we can’t do along.
We want to improve the quality of investment in Austin , 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 Austin real estate investor you can be, having as many property sources as possible is key. Feel free to add our Austin 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 Austin investment properties have a great realtionship with local brokers, realtors, lenders, title companies, and investors.
I guarantee that the Austin 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 Austin 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 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 Austin 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 Austin 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 Austin deals easy. Relationships are a key factor to getting some of the best deals on Austin 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 ;-))?
>>> The top investor friendly Austin real estate brokers>>>
>>>Real estate appraisers who work with properties similar to your ideal properties>>>
>>>The best few property wholesalers in the area>>>
>>>The top handful of property rehabbers / flippers in the area>>>
>>>Title agents that work with investment properties a great deal>>>
Third, identify your ideal investment residences.
Investing in Austin is the same as investing in any other city on the planet, 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 Austin 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
for our list of exclusive 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 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 Austin .
If you’re looking to seriously make investments in Austin , 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 Austin . 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 Austin , Texas real estate, so please feel free to call us at 888-509-6267 Ext 3 and chat with us anytime.
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