Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Where to Buy Houses for Real Estate Investing

By Simon Macharia Subscribe to RSS | January 10th 2012 | Views:
loading
 
  


In order to make a profit in real estate investing, you must have a continuous flow of good deals. This means you must buy houses at low prices and turn around and make a profit, regardless of your business model.

So how can you buy houses at prices low enough to make a profit?

1) Motivated sellers

This is my most favorite method of getting great deals. It is still the most favorite method of getting deals that never find their way into the open market, way below market value.

A motivated seller is someone who badly needs to get rid of their house. In most cases they are behind on their mortgage, facing foreclosure, divorced, burned by bad tenants, have inherited property, and so on. They can do anything to get rid of these properties which have become a big bother in their lives.

So how do you find motivated sellers?

You simply need to market to home owners who are in legal trouble. In my market, I am able to get a listing of all county court filings every day. If they own real estate, they get into my mailing list.

These people are ready to do business once they call.

2) Wholesalers

Other real estate investors that sell houses at wholesale prices form an alternative source of cheap houses.

I get lots of good deals most of which I cannot pursue. I sell them at wholesale prices to other real estate investors who put them back on the market.

When you buy a wholesale deal, you can buy the house in a simultaneous closing or take over the contract to buy the house. Check our other articles for details of these transactions.

3) Local REI meetings

It is most likely there is a local meeting of real estate investors near where you live. These are people who buy and sell real estate actively in your local market.

This is a place where you can find good deals.

4) REOs and the MLS

Unfortunately these are not the best deals you can find. The asking price is usually too high for most real estate investors even though thousands of properties are sitting out there with no buyers.

Do not forget this is the most over-shopped source of real estate deals and the price breaks may not be that high.

These are the deals I recommend the least for investment purposes.

5) Courthouse auctions

In order to get good deals from court house auctions, you need to do a lot of home work. Unless you are well polished in this kind of research, I would not recommend this route.

6) Craigslist and other online sources

Again, good investment deals are rare here because the resource is too over-shopped and most Realtors and FSBO owners advertise here. Getting a good deal from Craigslist is therefore not easy.

Simon Macharia - About Author:
Most successful real estate investors close more deals using less effort, time and money by leveraging the power of technology to make their work easier. Learn how you can run your business from an interactive website for real estate investing that automates most of your tasks increasing profits for you.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/where-to-buy-houses-for-real-estate-investing.htm

Related Real Estate Articles Subscribe to RSS

Shaky real estate off Andheri
Published by Prop Tiger on July 16th 2012 | Real Estate
Maharashtra Chamber of Housing Industry, shaped in 1982, is that the most distinguished and also the...
 
Real estate in India an ideal destination
Published by Deepti on April 17th 2012 | Real Estate
The real estate of the country significantly contributes to its economy. The Indian realty contribut...
 
Investment in residential real estate- a lucrative option
Published by Neha Gupta on May 8th 2012 | Real Estate
For a potential investor, investment in the real estate means a good deal of sense. When it comes to...
 
Investment options in residential sector of real estate
Published by Deepti on May 10th 2012 | Real Estate
Residential real estate in India is a booming industry and attracts investors from different parts o...
 
The dynamics of real estate marketing
Published by Loo821ql on March 11th 2012 | Real Estate
Investing in real estate has been hailed as a very profitable business....
 
How to locate an estate agent
Published by Glyn Jones on December 31st 2011 | Real Estate
When you are to invest in the realty sector, there is need of estate agents. The estate agents can h...
 
Luxury real estate auction – Added Benefits of Real Estate Auctions
Published by Landmark on December 30th 2011 | Real Estate
Real estate auctions have become a popular way of buying a home or investment property. Auctions be...
 
Buy real estate French Riviera or real estate Cote d'Azur after checking online
Published by Julia Bennet on February 15th 2012 | Real Estate
French Riviera or Cote d’Azur is one of the most happening places in the world. Some of the places...
 
Port Washington real estate is a prime location to invest
Published by Jack Smith on July 16th 2012 | Real Estate
Port Washington real estate is a place that attracts everyone whether as a buyer of homes or as inve...
 
Some tips to choose the best estate agents in Canary Wharf
Published by Glyn Jones on April 7th 2012 | Real Estate
One of the easiest ways to find a suitable agent is to search online. Firstly it will help you to sa...
 
Real estate – Definitely a money-spinning investment
Published by Deepti on May 22nd 2012 | Real Estate
Nowadays people have become cautious that living at own home is far better than a house on rent. It ...
 
Penang: the property hotspot in real estate Malaysia
Published by Jeevan Nanthan on April 6th 2012 | Real Estate
Also, the high end condos and homes at Batu Ferringhi and Tanjong Bungah have helped in making Penan...
 
Dubai, a real charm for investors and residents alike
Published by Mark Castellino on December 27th 2011 | Real Estate
Dubai is one the real charms for the real estate investors. So many investors invest their money in ...
 
 
Buying your dream home with the help of a real estate agent
Published by Deepti on May 1st 2012 | Real Estate
Buying your dream house is an intricate task but it is not very time consuming. You will have to ens...
 
Mohali: a viable option for residential real estate investment
Published by Neha Gupta on May 11th 2012 | Real Estate
These days, numerous people are making investment in residential real estate sector. If you are seek...
 
Lucrative investment options in Indian real estate
Published by Deepti on May 3rd 2012 | Real Estate
While opting for a perfect life, having a roof over the head is not a difficult thing to achieve any...
 
Mohali real estate- the right time to seize the opportunity of profitable investment options
Published by Deepti on April 11th 2012 | Real Estate
Mohali is fast turning into the next Gurgaon or Noida. This city with its growing developments is no...
 
Port Washington real estate is one time solution for all property queries
Published by Jack Smith on June 15th 2012 | Real Estate
Anyone can have lot of queries when they go for property dealing. But your all queries resolved with...
 
Residential real estate in India- a lucrative investment
Published by Deepti on April 30th 2012 | Real Estate
Buying or selling property is always a great investment option as it is likely to give good prospect...