Top 7 Methods to Locate Investment Properties
By Anthony Kirlew
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Are you an aspiring real estate investor trying to compete with the "big boys"? These 7 tips will surely help you compete and likely help you close more real estate deals in a shorter time than you normally would.
- Advertise Online for Distressed Property Owners.
Currently, there are lots of people facing foreclosure and with the recent lift of the anti-flipping laws, you can now help these folks out and find a great deal at the same time. The two sites I recommend at Craigslist.com and Backpage.com, both of which are free (currently).
- Advertise in Newspapers.
Have you ever seen those ads that say "we buy homes"? Well, they work and that is why you continue to see them. Advertising online is simple and often free, but not everyone is online.
- Launch a website.
You can get a simple website up and running for a few hundred dollars, and in some cases even less. Learn some search engine marketing basics and you will do even better. It doesn't have to be elaborate, but should have your contact information and a way for people to leave their information. Ideally, if you provide them a "how to" guide in exchange for their email, you will be able to follow up more effectively.
- Pay Per Click Search.
Once you have your website up, you can connect with all of the folks out there search for solutions to their foreclosure woes.
- Use a Real Estate Agent.
Yes, this may sound old school, but local agents very often know where the deals are, including foreclosures and distressed property sales.
- Read the Newspaper.
If you peruse the real estate section, you will nearly always find people advertising their "hard luck" situations.
- Subscribe to a foreclosure listing service.
If you are investing in real estate for the long haul, it is an investment well worth it because one deal will cover several years worth of the subscription and with the time saved, you will likely find more deals faster.
Anthony Kirlew is a Business Development Consultant and a veteran of the Mortgage and Real Estate industries. He regularly consults with financial professionals on marketing and business development strategies and runs a foreclosure resource website at http://www.BankOwnedAssets.com
Article Submitted On: June 13, 2008