Juliet Risdon
If you really want the best deals in investment properties, you have to increase your odds by finding more deals.
It’s more likely you’ll get a cheap apartment if you can use the ten top resources. Here are the ten:
1. Talk.
Let people know you are looking and sometimes the properties will come to you. There are a lot of owners out there who want to sell, but haven’t yet listed their property.
2. Use the internet.
Go to a search engine and enter the type of real estate you are looking for, along with the city you want to invest in. You never know what you might find.
3. Looking for “For Sale” signs.
Owners often advertise properties with banners outside the windows.
4. Find abandoned properties.
That’s a pretty clear sign that the owner doesn’t want to deal with the property. They might sell cheap, but be sure that you submit ownership documents to your lawyers first.
5. Find old “For Rent” ads.
Call if they are a few weeks old. Landlords are often ready to sell, especially if the haven’t yet rented the units out.
6. Talk to bankers.
You might get a foreclosed-
on investment property cheaper if you buy it before they list it with a real estate agent.
7. Offer someone a finder’s fee.
There are people that always seem to hear about the good deals. Have such people coming to you.
8. Eviction notices.
The local papers publish eviction notices which can be very useful. A landlord who just went through the process of evicting tenants is a likely seller.
9. Old Newspaper ads.
If you call on two-month-old “For sale By Owner” ads, and they haven’t sold, they may be ready to deal. Owners often give up the effort, but still would love to sell.
Juliet Risdon is a Director of JML Property and a property investor.
Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants.
www.JMLProperty.com
info@JMLProperty.com
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