Ways to Find Investment PropertiesChad Corbett
If you really want a great property in which to invest you have to know how to increase your odds of finding fantastic deals. And while you can find a worth property in which to invest by looking through the MLS listings – your best odds are to use several resources to help you scout the best potential investment. Here are nine resources savvy real estate investors use:
Networking: By growing and cultivating your network of professionals you can let people know you are looking. Doing this will sometimes create certain opportunities. For example, some owners out there who want to sell, but haven’t yet listed their property may actually contact you.
Drive around looking for “For Sale by Owner” signs: This is the hard way to do things since competition using this method will be quite stiff.
Find abandoned properties: Owners who don’t want to incur the expense of caring for a certain property are often willing to part with the property for a song.
Use the internet: Use a search engine and enter the type of real estate you are looking for. This can lead you to some interesting opportunities but it can be quite time consuming.
Talk to bankers: You should already have bankers in your network of contacts that can help you. They may be able to help you learn about a foreclosed investment property.
Offer your contacts a finder’s fee: Let your contacts know what is in it for them to help you achieve your goals.
Eviction notices: You can often get a lead on investment properties by scanning your local newspaper’s eviction notices. Or you can get the information at the courthouse. After all, a landlord who just went through the process of evicting tenants can be a very amenable seller.
Old FSBO ads: Look for two-month-old “For sale By Owner” ads. If these have not sold they may be ripe for an investment. This is because owners often give up the effort but not completely.
Purchase Probate Leads: Our Probate leads are well gathered directly from the courthouse and ran through a proprietary data-validation system. Additionally, we offer our professionals the knowledge base to use these leads effectively.
Of course, it isn’t just about finding a potential investment property. You have to have the knowledge too. Our Probate Mastery Course can be one means by which you can find and utilize the probate property leads that we can give you. These leads are vetted and much more reliable than the above methods. Our real estate seller leads can make your business prosper in a way that it never has before.