10 Ways to Find Investment Properties
By Steve Gillman - 2005
If you want the best deals in investment properties,
you can increase your odds by finding more deals. Who's
more likely to get a cheap apartment building, an investor looking
through the MLS listings and calling it a day, or the one that
uses ten resources? Ten good ones follow.
1. Talk to people. Let them know you are looking and sometimes
the properties will come to you. There are many owners out there
who want to sell, but haven't yet listed their property.
2. Use internet search engines. Type in the type of real estate
you are looking for, along with the city you want to invest in.
You never know what you can find until you try.
3. Look for "For Sale By Owner" signs. Owners sometimes
don't want to pay to keep the ad in the paper every week, so
you won't see all properties there.
4. Look for abandoned properties. Abandonment may be a sign
that the owner doesn't want to deal with the property, and he
might sell cheap.
5. Call on old "For Rent" ads. Landlords are often
ready to sell, especially if the haven't yet rented the units
out. Just look in a two-week-old paper.
6. Talk to bank officers. You may get a foreclosed-on investment
property cheaper if you buy it before they list it with a real
7. Offer a finder's fee. There are people that always seem
to hear about good deals. Have such people coming to you, by
offering a finders fee.
8. Eviction notices. If local papers publish eviction notices,
or if you can get the information at the courthouse, use it.
A landlord who just went through the process of evicting tenants
is very likely interested in selling.
9. Call on 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 sometimes give up the effort, but still would
love to sell. Help them out!
10. Run an ad in the paper. "Looking for investment properties,"
might be sufficient to generate a few calls.
Related Article: Buying
Rental Properties - What To Look For