Rental
Property Investment - Finding The Properties
by: Steve
Gillman Rental property investment
starts with finding the best deals. To do this,
you can increase your odds by finding more deals.
Who's more likely to get a cheap apartment building,
an investor that looks through the MLS listings
and calls it a day, or the one that uses ten resources?
Here are those ten:
1. Look in old papers to find "For Rent"
ads. Call if they are a few weeks old. The landlord
may be ready to sell, especially if he hasn't
yet rented the units out.
2. Look up old FSBO ads. Call on two-month-old
"For sale By Owner" ads, and if they
haven't sold, they may be ready to deal. Owners
often give up the effort, but still would love
to sell. Help them out!
3. Drive around looking for "For Sale By
Owner" signs. Owners often don't want to
pay to keep the ad in the paper every week, so
you won't see all properties there.
4. Find abandoned properties. That's a pretty
clear sign that the owner doesn't want to deal
with the property. He might sell cheap.
5. 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.
6. Talk to bankers. You might get a foreclosed
rental 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. If your local papers publish
eviction notices, or if you can get the information
at the courthouse, it can be useful. A landlord
who just went through the procees of evicting
tenants is a likely seller.
9. 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.
10. Put an ad in the paper. "Looking for
rental properties to buy," might be sufficient
to generate a few calls.
There is a lot more to learn to do it right,
but finding good properties is a good place to
start for rental property investment.
About The Author
Steve Gillman has invested in real estate for
years. To get a free real estate investing course,
and see a photo of a beautiful house he and his
wife bought for $17,500, visit
http://www.HousesUnderFiftyThousand.com.
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