How to Find Good Investment Property Deals

[realestatehanoi]

Real estate investors looking to make that first real estate investment undoubtedly have become aware that finding a good income property to purchase can be daunting. Good real estate investment deals don't grow on trees, and unless we're very fortunate, it's unlikely they will simply fall into our lap.

It seemed needful, therefore, to discuss six resources where you might find good real estate deals. Perhaps they're all rather obvious, but worth mentioning nonetheless.

1. A Real Estate Professional Developing a good-working relationship with a qualified real estate salesperson can be an excellent resource for you. There are just two suggestions: the more loyalty you give the agent the better, and getting two or three agents to beat the bushes for you in the same community can be counter-productive because most real estate agents won't generally spend a lot of extra time trying to hunt down a property for a real estate investor when it looks like a dog race.
2. Builder-Developer Look for people who are in the business of selling their own real estate. Often you can find someone with a treasure trove of inventory motivated to sell off some of it.
3. Code Violations Local building codes sometimes change during the course of ownership and put a seller into a difficult spot. For example, the state now requires buildings of a certain category to have fire sprinklers installed, or earthquake reinforcement. A sudden added investment to do that work may be more than the owner has to spend, and in turn might motivate the owner to sell at a reduced price instead.
4. Foreclosure-REO When lenders foreclose on a delinquent loan and buy the property themselves at a foreclosure sale they end up with real estate owned property (REO) they prefer to sell rather than operate. REO properties can sometimes be a prime source for good deals.
5. For Sale By Owner It's common for owners to market their own properties to avoid paying a real estate commission. When properly handled, sale by owner (FSBOs) can be a good source for good deals.
6. Management Problems Properties in need of maintenance can be an indicator that the owner no longer has a heart (or the cash) to continue managing the property and might want to sell. A call to the owner expressing your interest in the property might be all it takes to negotiate a purchase and good deal for yourself.

Real Estate Hanoi
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[watsonliving]

Investment real estate is a very competitive field and those that are not quick will have a hard time finding a good discount investment property. The worst thing you can do as an investor is to pay full price for a home and think that you can fix it up or flip it.

[cherrysmith14]

Hello Friends.......

The first option you have is to join a local real estate investment club and start networking with other investors. Networking is a great way to finding discounted fixer uppers because often many of these investors will have their hands full, but won’t want to just leave a good deal alone. If they know you are actively looking for discount investment property, then they will call you instead of someone else, this means that you’ll have your phone ringing telling you about deals before you can find them, which makes your job easy.

Thanks

Brampton Real Estate Agent

[Jeff]

Agree to cherrysmith, the networking will really help to get the best deal. All the newbie of real estate investors need to have the networking with the real estate experienced investors.

[carry18]

Hello Friends...........

I totally agree with you .Thanks for a great post. It was very helpful .

Keep sharing more points in the future.

[jenniefrost]

An investor should consider whether their investment objectives are long term or short term. As the investor keeps paying the mortgage amount, its contribution becomes less and equity in the property increases, which adds to the overall net worth. If an investor makes an investment property in the short term he can earn a decent profit.



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Sell My House Quickly

[Felix07Richerd]

you should Try to get as many things fixed by the seller as possible. Check the neighborhood. Drive around the block. Look at the houses in the neighborhood, what is their condition. Look at the cars parked in the street. Old cars normally can tell you a lot about the neighborhood. Trash on the sidewalks can spell less than great neighborhood. Which in turns means you should buy and sell quickly (most of the time). Renting in those neighborhood could be challenging, especially for the new investor.
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Source for Wallaceburg Apartments and St Catharines Apartments for rent.

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