Finding An Investment Property Involves Being Proactive


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The keys to finding an investment property are work and diligence.  Investors who sit back and wait for clients to come to them generally don’t have an enormous amount of work.  There are many ways to target sellers who just want to sell their property quickly and are willing to do so for under market value.  Those investors who understand where to look for these clients are able to build an investment portfolio rather quickly.

The first step to finding an investment property usually starts with a gander through the classified ads.  While these aren’t likely to target a property that is being sold for a large percentage under market value, they are a good way to get some leads and start talking to potential clients.  Visiting these properties and talking to their owners is a good way to build up a network and get started in the field.

Another way to go about finding an investment property involves cold calling rental properties.  This can be as simple as driving around the city and locating, For Rent signs.  Call the owner, find out if they are interested in selling their rental property and set up a meeting to discuss the options of the sale.  Most investors are looking to invest in rental properties so this is a good way to start on that path.

While driving around the city, also look for properties that have signs in their yard, indicating that they are bank owned or up for auction.  Finding an investment property in this fashion usually requires that an investor deal with a lending institution.  Some of these properties can be purchased for below market value, but it is important that an investor do their due diligence, as many of these properties are likely to be in rough shape.

Many investors use a real estate agent when finding an investment property.  An investor can tell an Agent exactly what they are looking for and let the Agent do all the busy work.  This Agent isn’t going to cost an investor a dime so it is a source worth pursuing.

Getting in contact with FSBO sellers can make finding an investment property as easy as looking through Craigslist, ForSaleByOwner.com, or driving around the neighborhood looking for signs that indicate the house is FSBO.  These owners are likely to be willing to negotiate and some are going to be down right desperate to sell their property.

Finding an investment property isn’t all that hard, but it does require effort on an investor’s part.  Those who are willing to pursue the field are likely to find what they are looking for.

Asking questions with these tips in mind will help save real estate investors thousands.  For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com.  We are the nation’s number one home buying franchise with over 15 years of experience.  Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business.  Come see us for more information.

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