When you begin to look for an investment property, you want to find the best deals possible. There are many resources you can use to find the best investment properties in the area. Continue reading to find the top ten ways to find investment properties.
- Ask Around
Believe it or not, this is one of the best ways to find investment properties. You never know how may be thinking of selling, but haven’t placed their property on the market yet.
- Surf the Web
The internet is a great place to look for investment properties. Do a quick internet search of the type of properties in your area that are for sale.
- Seek Out For Sale By Owners
Most property owners who do not want to list their property for sale through a real estate agent are unwilling to spend money advertising their property. Therefore, you will need to get out and drive around your neighborhood looking for for sale by owner signs.
- Seek Out Abandoned Properties
If you find a piece of property that is in disrepair or looks abandoned, the owner may be willing to part with the property for a reduced price.
- Rental Properties
If a rental property has been sitting empty for a few weeks, the landlord may be ready to sell. This is a great way to find investment properties with eager sellers.
- Banks are Your Friends
Bankers often know of properties that are being foreclosed on. If you can get a contract on these properties before they are listed with a real estate agent, you can save a lot of money.
- Offer a Finder’s Fee
If you know someone who always seems to know what is going on in a community, offer to pay them a finder’s fee for any investment property that you successfully make a deal on.
Newspapers are a great resource for finding affordable investment properties. Search the classified ads for eviction notices. Landlords are often more likely to sell if they have just had to evict a tenant.
- For Sale By Owner Advertisements
Checking out newspaper ads from for sale by owners is a great way to find deals. Contact those property owners and ask if they have sold their property. If not, they may be willing to sell at a reduced price.
- Place an Advertisement
Placing an ad in your local paper saying that you are looking for investment properties to buy may just get your phone ringing.