Real Estate Investment: Finding The Good Deals
Real estate investments are often regarded as one the greatest ways
of investing money. However, what you are looking for is not just
any real estate investment, but real estate investment that can give
you good returns. By real estate investment we mean investing money
into property i.e. buying property at a low price and selling it at
a higher price so as to make a profit out of it. So the most
important part of good real estate investment is to get hold of such
properties which can give you good returns.
Now, how can you get these potential profit-making deals?
Your first opening for coming across good deals is the local
newspaper (the property newspaper). Just search for properties that
are listed directly by the owners who want to avoid paying
commission to the real estate brokers. Since the owner is saving on
the commission that they would otherwise have to pay to the broker,
they would probably be able to offer a lower price to you and be
more open to negotiations. You could also place your own ‘wanted’ ad
in the local newspapers. On the same lines, you could use internet
to search for the real estate investment avenues. In fact, you would
be astonished by the number of real estate investment opportunities
you are able to locate on the internet. Not only that, searching for
real estate investment opportunities (i.e. property for sale) is
much easier on internet than anywhere else.
Another way to pursue real estate investment opportunities is by
using the services of real estate brokers. Some people use real
estate agents as their first (and maybe the only) touch point for
getting real estate investment opportunities. The real estate agents
act as information hub for people looking to buy property. In fact,
a lot of sellers find it much more convenient to sell their
properties by listing it with real estate agents.
Multiple listings service is one more only to the real estate agents
and not to the general public (unless you are very lucky), all the
cream (good real estate investment opportunities) would have already
been taken before you get to see the book. The key here is to look
for expired listings that didn’t get converted to a deal.
An additional good way to get a property, that is a good real estate
investment, is to look for foreclosures by banks/ VA/ FHA or to
visit public auctions. You can generally get a good deal here.
Divorce settlements are another good real estate investment
opportunity.So, real estate investment is really about finding good
deals. And finding good deals does take some effort
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a
number of published articles and served as an expert witness for
San Diego lawyers. You can contact
Bob via e-mail at bob@brokerforyou.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
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