Want to get into real estate investing but are afraid the market is too hot to get you a reasonably priced property? Well, there are some things you can do in order to find good, solid properties that aren’t over priced.
Have a Realtor help
Your best bet is to start by having a Realtor help you find good prospective properties. Be sure to ask if they are experienced in investment properties. If they do, they will understand your needs and they will be invaluable helping achieve your objectives.
Not only are they a good resource, but once you establish a good relationship with them they will be more likely to seek you out when a great property comes their way.
In fact, I work with a number of investors who have different goals and objectives. I let them know as soon as I find something that will fit their needs!
One resource can be foreclosure lists
It can be a bit hit or miss in a hot market, but foreclosures happen all over for varied reasons. Checklists for your area, which may require a subscription, can be useful and be sure to look for properties that haven’t been listed for long.
Look for properties in nicer neighborhoods. Once you find one or some, have your Realtor help you see the property. The caveat here is that they may not be kept up or may have been vandalized by a disgruntled owner or scavenge artists looking for anything of worth in a vacant home.
Finding a property in a hot market isn’t impossible. With some work you can start a profitable venture.
If you are thinking about working with a Realtor, give Tena D a call and we can get to know each other a little bit! 303-452-5853