If you really want the best deals in real estate investing, you need to increase your chances by finding more deals. Who is most likely to get a cheap condo, an investor who checks MLS listings and calls it a day, or one who uses ten resources? Here are ten ways discussed below:-
- Talk: Let people know that you are looking for and sometimes the properties will come to you. There are a lot of homeowners who want to sell but have not yet put their property up for sale.
- Use the Internet: Go to a search engine and enter the type of property you are looking for, as well as the city in which you want to invest. You never know what you might find.
- Find old “For Rent” listings: Call if they have a few weeks. Landlords often sell quickly, especially if they haven’t yet rented out the units.
- Place an ad in the newspaper: “Looking for investment properties to buy” may be enough to generate a few calls.
- Talk to the bankers: You could get a foreclosed real estate investment cheaper if you buy it before he sends it to a real estate agent.
- Find abandoned properties: This is a pretty clear sign that the owner does not want to take care of the property. It could sell for cheap.
- Drive around looking for “For Sale by Owner” signs: Owners often don’t want to pay to keep the ad in the newspaper every week, so you won’t see all the properties there.
- Notice of eviction: If the local newspapers publish eviction notices, or if you can get the information from the court, this can be helpful. A landlord who has just gone through tenant eviction proceedings is a likely seller.
- Old FSBO announcements: If you invite two-month “For Sale By Owner” ads and they haven’t sold, they may be ready to negotiate. Homeowners often give up on the effort, but would still like to sell. Help them!
- Offer someone a search commission: There are people who always seem to hear about great deals. Ask these people to come to you.