What You Have To Know About Discovering Irvine 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 Irvine 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 biggest questions we get from local investors is “How to find really good investment propert in Irvine ?”
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 Irvine investment properties.
At Glymph Properties we recognized early on that there is no one right way to find local Irvine investment properties. We find our deals on online & offline, our website www.gpsellshomes.com/investment-properties- Irvine , classified posting sites, traditional letters/postcards, and from “bird dogs” (acquisition agents).
Below we’ll share some things you can do to find local Irvine 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 want to improve the quality of investment in Irvine , 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 places, so it makes sense to do it right.
To get the best investment properties there are only a few core tenants to understand.
First, 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 virtually impossible to make a crazy 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 Irvine Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Second, focus on relationships.
I guarantee that the Irvine investment world is so much smaller than you 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. 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. They’re your best source of good deals, now and in the future.
How do you form a relationship with them? Go to your local REIA ( Real Estate Investors Association) and find the people who are active and talk to them. 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 Irvine 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 Irvine 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 Irvine deals easy. Relationships are a key factor to getting some of the best deals on Irvine 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 Irvine – – –
– – -A couple real estate appraisers who deal w/ the types of properties you deal with- – –
– – -The top notch few property wholesalers in the area- – –
– – -The top handful of property rehabbers / flippers in the area- – –
– – -Title agents that deal with investment properties a good deal- – –
Third, identify your target investment properties.
To be a successful Irvine investor, just like in everything else, you have to be focused. You have to mine your niche- focus on what makes you money. Some people make millions just in parking garages or store fronts.
Others are experts in residential rentals, while others deal strictly with retail. If you take the time to do your homework, you can assess the different segments of the Irvine 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 owns it and make sure that they know to call you when they want to sell that property.
This takes a great deal 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 properties, and we’ll inform 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 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 Irvine .
If you’re looking to seriously buy investment properties in Irvine , we’d love to chat with you to learn your criteria, preferences, and objectives.
Hopefully you’ve learned how to find wonderful investment properties in Irvine . 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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