Are you looking for ways to find good deals on investment properties? Even in a booming market, there are still ways to get a great deal. Here are some tips to help you find the best deals on investment properties:Look Further - Don't limit yourself to just one area. Look further afield and you may find a great deal in an area that is not as popular. You may also find that the prices are lower in these areas.
Use Technology
- Technology can be a great tool when it comes to finding investment properties.Use online resources such as Zillow, Craigslist, and Facebook to search for potential properties. You can also use real estate investment calculators to quickly analyze potential investments.
Check Craigslist FSBO Daily
- Craigslist is a great resource for finding homes for sale by owner (FSBO). Many people try to sell their home on their own because they want to save money or because they don't want to use a real estate agent. This can be an opportunity for you to buy for less than market value.Fast-Forward Deals
- Get in your car and drive around looking for empty properties.When you find something, write down the address and research it further. You may be able to get a list of 10, 20, 30, or 40 properties while driving for several hours.
Network
- Networking is key when it comes to finding investment properties. Connect with local wholesalers, turnkey sellers, and REO managers. They may have access to deals that you wouldn't otherwise know about. When it comes to finding good deals on investment properties, it's important to understand your financial goals and plans for new real estate investments.Use these tips to help you find the best deals on investment properties.
