This Is Precisely how Local Investors Uncover wonderful Investment Homes in Birmingham 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 Birmingham expert investors newbs, newbies ask us all the time to share our secrets.
Our mothers always told us to be blessings to other- so we try to help any chance we get…
One of the most significant questions we get from neighborhood investors is “How to find decent investment propert in Birmingham ?”
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 Birmingham 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 Birmingham .
Below we’ll share some things you can do to find local Birmingham 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. In order to accomplish things we otherwise couldn’t by ourself we work with other investors.
We want to improve the quality of investment in Birmingham , 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”. Ultimately, we’re all investing in the same places, 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.
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 almost impossible to make a enormous amount of cash in a short-term real estate deal, those come but are rare.
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.
There’s always more than one way to “skin a cat” so when it comes to being the best Birmingham real estate investor you can be, having as many property sources as possible is key. Feel free to add our Birmingham 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!
Second, focus on relationships.
The investment community in Birmingham 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 Birmingham 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? Go to your local REIA ( Real Estate Investing Association) and find the people who are active and talk to them. 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 Birmingham deals easy. Relationships are a key factor to getting some of the best deals on Birmingham 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 ;-))?
$$$ The top investor friendly Birmingham real estate brokers$$$
$$$A couple real estate appraisers who deal w/ the types of properties you deal with$$$
$$$The top rated few property wholesalers in the area$$$
$$$The best Birmingham property rehabbers/flippers$$$
$$$Title agents that work with investment properties quite a lot$$$
Third, identify your ideal investments.
To be a successful Birmingham investor, 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 specialize in residential apartments, while others deal strictly with retail. If you take the time to do your homework, you can review the distinct segments of the Birmingham 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 create 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.
Although it takes a ton of work- it’s the most dependable way to create long-term, generational wealth.
Finally – use technology.
Sign up for our list of exceptional properties, and we’ll notify you instantly when we find a great investment. We frequently source 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 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 Birmingham .
If you’re looking to seriously buy investment properties in Birmingham , 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 Birmingham . 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 Birmingham , Alabama real estate, so please feel free to call us at 888-509-6267 Ext 3 and chat with us anytime.
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