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Jan
27
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If you are serious about looking for an investment property, you have to increase your chances of finding that ideal property that you are looking for; but how do you find that absolute bargain apartment, house or building? Do you search the internet, read magazines or what? Here are 10 ways to find that bargain investment property you have been looking for.
1. Talk to people – word of mouth can work wonders as many people are looking to sell their properties but have not got around to advertising yet, so you never know that investment property might find you.
2. The internet – these days has amazing search engines, allowing you to search all types of real estate in all different places around the world, so put in what you are looking for and see what you can find.
3. Try driving around the areas you are looking at buying in; sometimes people advertise out the front as they want to avoid advertising and agent costs.
4. Look for properties that are not being occupied; properties that are vacant for a long time often shows signs that the owner is not interested in it anymore and could be keen to sell.
5. Look out for old rental ads; if they are a couple of weeks old, give them a call, often if the property hasn’t been rented for sometime the owner maybe looking to sell.
6. Talk to your local banker – you might be advised on a property that is up for sale but hasn’t been listed with the real estate agent yet.
7. Let friends, family and others know that if they find you your investment property you will give them a finder’s fee; this often encourages people to keep and eye out.
8. Eviction notices is another key way to finding properties; if a current owner has had to deal with evicting tenants, they can sometimes be fed up and ready to sell the property.
9. Hunt out old ‘for sale by owner’ ads, if you find something that is still up for sale a couple of months later, the owner may just be ready to offer you that bargain deal you are looking for.
10. Finally put an ad in the paper advertising you are looking for an investment property, this might be just enough to get a few recommendations.