This Is The best way Local Investors Uncover good Investment Homes in Scottsdale To Acquire
Lots of investors are looking to get started, and as active real estate experts in Scottsdale , we get asked to share our secrets quite a bit.
I guess it’s a good thing we like to pay it forward :]
If I had to go for the most popular question of all that we get- I’d say the most popular is, ” How would I find fantastic investment homes in Scottsdale ?””
With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get more creative in finding the best deals on great local Scottsdale investment properties.
At Glymph Properties we recognized early on that there was no one right way to find local Scottsdale investment properties. We find our deals on online & offline, our website www.gpsellshomes.com/investment-properties- Scottsdale , classified posting sites, traditional letters/postcards, and from “bird dogs” (acquisition agents).
Below we’ll share some things you can do to find local Scottsdale high ROI 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.
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. We work with other investors to accomplish things together that we can’t do alone.
We share our learning and our philosophies here because we want to improve the quality of investment in Scottsdale to build stronger communities. 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.
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 almost impossible to make a huge amount of cash in a short-term real estate deal, those come 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. Thinking long-term means learning from the past to better anticipate the future.
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 Scottsdale Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Second, focus on relationships.
The investment community in Scottsdale 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.
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? Go to your local REIA ( Real Estate Investors 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. Learning how to find good investment property in Scottsdale 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 Scottsdale market.
Who should you get to know( Hopefully all the random symbols will really make you pay attention ;-))?
*** A few of the top investment friendly real estate brokers in Scottsdale ***
***A couple real estate appraisers who deal w/ the types of properties you deal with***
***The top handful of property wholesalers in the area***
***Active Scottsdale property rehabbers/flippers***
***Title agents that deal with investment properties 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 find your niche- focus on what will make you money. Some people make millions just in parking garages or storage units.
Others specialize in residential apartments, while others deal strictly with retail. If you take the time to do your homework, you can analyze the different segments of the Scottsdale market to see which opportunities are truly the best for you – and not just the best marketed. Once you find exactly what you want to own, you can create a plan to find out who 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.
Finally – use technology.
Sign up for our list of exclusive investment 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 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 houses 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 Scottsdale .
If you’re looking to seriously invest in Scottsdale , we’d love to chat with you to learn your wants, wishes, and objectives.
So hopefully you now know how to find great investment properties in Scottsdale . 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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