Finding Investment Properties

written by: Steve Gillman; article published: year 2007, month 11;

In: Root » Legal and finance » Investing

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1. Talk. Let people know you are looking for 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. The use of the Internet. Go to a search engine and enter the type of property you are looking for, with the city you want to invest in. You never know what you might find.

3. Drive around looking for "For Sale By Owner" signs. Owners often don't want to pay to maintain the ad in the paper every week, so that you won't see all properties.

4. Find abandoned properties. That's a pretty clear sign that the owner does not want to deal with the property. It could sell cheap.

5. Find old "For Rent " ads. Call if few weeks. The owners are often willing to sell, especially if the haven't still has rented the units.

6. Talk to bankers. You might get a not-on investment goods cheaper if you buy them before their listing with a real estate agent.

7. Offer a finder's fee to someone. There are people who always seem to hear about the bargains. Have these people come to you.

8. The notices of eviction. If your local newspapers publish notices of eviction, or you can get information at the courthouse, it may be useful. An owner who has been through all the procees of evicting tenants is a likely seller.

9. Old FSBO ads. If you are calling about two months "Sale By Owner" ads, and they haven't sold, they can be prepared to face. Owners often abandon the effort, but still love to sell. Helping out!

10. Put an ad in the paper. "Looking for real estate investments to sell", should be sufficient to generate a few calls.

About the author:
Steve Gillman has invested in real estate for years. For more information and to see a photo of a beautiful house he and his wife bought for $ 17500, visit HousesUnderFiftyThousand.com

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