6 Sources of Discounted Homes for Real Estate Investing
Just getting started in real estate investing or old sources of
properties running dry? Check out the following 6 sources of discounted
homes which may be a great fit for your house flipping business.
1. FSBOs
Believe it or not there are still homeowners out there who have
equity or even own their homes free and clear and who are ready to deal.
Unfortunately those who have signed up for some for sale by owner
sites may have invested thousands in junk marketing but there are
nuggets to be found. Data and lead list companies can help you target
those with the most equity for a variety of marketing campaigns.
2. Probate Properties
With so many new players and old players jumping into real estate
investing today it can make a lot of sense to find a niche and own it.
Probate and estate sales could be just the ticket you need, offering
discounted homes and motivated sellers.
3. Condemned Properties
More investors are inquiring about real estate investing in condemned
homes. You need to be very careful here as there is obviously a reason
they are in trouble but you could find some amazing deals which aren’t
that difficult to flip if you do your due diligence correctly.
4. Realtors
Real estate investing newbies and long time pros alike often
immediately turn their noses up when they hear Realtor. However, more
often than not this is because they are told to, not because they have
had an endless string of bad experiences using them themselves. Find
one or two great ones, negotiate discounted rates and make sure you have
a constant stream of homes to look at every morning.
5. REOs
While their is a lot of talk about bank owned REOs going away, at
least for the average investor they are still up for grabs right now.
You can even often find them by walking into your local bank branch
though you may find more luck and less competition approaching smaller
banks than the bigger nationwide chains.
6. Wholesalers
For those looking for the best of both worlds; a constant stream of
properties offering big discounts, without a huge investment in
marketing and hours a week scouting for deals one at a time then hooking
up with 2 or 3 great wholesalers might be the answer.
go to Fortune Builders
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