Finding Real Estate for Investment

Monday, April 12, 2010 | Labels: | |

If you just beginning to learn the nuts and bolts of real estate investing, I hope this article can get you on the right path to change your whole outlook of making good property investments. Working with the real estate market can be very tough at times and what makes it this way can be for a whole lot of reasons. Maybe you are'nt motivated enough to push forward. Maybe you are'nt getting the proper training to feel confident to go out there. Maybe you just dont know where to start. Here are some places where you can locate good investment real estate property:

- You can start off by looking in the classified section for real estate ads. Key words to look for are: desperate, must sell, moving, foreclosure, divorce, illness, transferred or new job. Make sure you check the Property For Rent section. Owners of vacant property are often very motivated to sell.

- Dont never forget that good agents are invaluable to real estate investors. Look for agents who have worked with government foreclosures. Most government seized properties are sold only through real estate agents.

- Ask your real estate agent for permission to look through old Multiple Listing Service Books. These are books that are filled with properties for sale. In back issues you will find properties listed for sale, information on sold properties, and properties that are off the market. Check these properties and make offers to buy.

- Take a different way home where you work everyday. Drive through several neighborhoods to get a feel for good investment areas. Then write down all of the For Sale By Owner signs you see. If a house looks really interesting, pull up, and go inside to meet with the owner. Take a purchase contract along in the event the owner is ready to make a deal.

- Have you ever found a run down, vacant property that you like but you don't know who the owner is? Call the customer service department at your local title company to find the owner's name and address. If your state doesn't have title companies, go to the state, county or city recorder's office to determine the owner.

You must keep in mind that property foreclosures, bankruptcies and probate sales are listed daily. If your city doesn't have this service then go to your county recorder's office and get a list of foreclosures that have been legally file. The information is a public document. The Freedom of Information Act states that you have the right to know.

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