Here are 5 tips that will help you get deals other investors do not know about. You can go on the MLS all you want, but the real deals are the unlisted, for sale by owner deals. Using these tips, you can get started right away and start getting calls!
Nowadays it seems as though there is too much information available for anyone in any particular field, at any given moment. Right now you can Google the words “real estate investing”, or “Chicago real estate investing”, and you will turn up thousands if not millions of pages with content. How can a investor keep up with so much information? Learning to navigate the waters and knowing what you want takes time, but can benefit your deals in the future. I have come across a few tools that may help filter the info overload.
When you are driving through your farm area, you must know the typical signs of your average wholesale property. Not always do the properties exude these characteristics, but if they do, it is a great indicator of its potential as a wholesale deal. As if we were playing poker, I have listed 5 obvious tells of a potential wholesale property. If you see a property with two or more of these tells, start finding the owner because you can bring it in and flip it to your buyers!
Check out this great investment deal! This cottage style home has 3 bedrooms and 3 baths with possible in-law arrangement. The basement is finished, only needs some touch-ups.
If you are a landlord, one of your biggest issues can be high turnover and vacancies. Many investors are great at buying buildings, fixing them up and putting up “for rent” signs but they are not great at marketing the units. What good does it do to have a beautiful building but nobody in them? It’s pointless! For a while now I have been helping investors and property management companies with their marketing in order to find tenants faster, and ensure that they are low risk.
