DJA Properties LLC Buys Real Estate That is not For Sale
DJA Properties LLC Buys Real Estate That is not For Sale
There are many avenues that DJA Properties LLC uses to find investment properties. Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy.
A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer maybe an estate sale or inherited property. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission.
Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria, whether it be an estate sale, inherited property, foreclosure etc. Then contact the owners.
Buying Real Estate From Non-Sellers
Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking.
Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds.
If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year.
Have a confidentiality agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer.
Why buy investment properties this way and pay cash for homes? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate?
If you or someone you know has an estate sale, inherited property, foreclosure etc or any distressed property that they want to get cash for, contact DJA Properties LLC at 856-349-5000 or on the web at www.866CashPaid.com.
We Pay Cash For Homes.
Reason #1 Financial
The biggest reason you would want to sell your home for cash and then rent it back would be financial. In many instances, people find they are unable to make their house payment. In this situation, there are not many options. One is to simply quit paying the mortgage and let a foreclosure take place. Or, you could continue sacrificing everything to pay the mortgage yet have no money to afford other things. Selling the house for cash NJ to rent back allows you to stay in the home without being financially worried about it.
Reason #2 Comfort
Another reason to sell your home fast is so you can continue living there without the financial responsibility. This results in you and your family continuing your comfortable lifestyle. This is definitely one of the reasons why NJ residents continue to sell their homes for Cash and rent back their homes with DJA Properties LLC. It is really a convenience to sell the home yet continue living there on a monthly basis.
Reason #3 Embarrassment
Nobody likes to talk about his or her financial situation in front of others. That is especially so for those who are not financially well off. However, if you sell your home for cash in NJ many will question why and others will simply assume it is for the financial responsibility. You can quietly sell your home for cash in NJ quickly and easily and avoid the embarrassment by continuing to live in the same home. These are just a few of the reasons why you should sell your home home for cash in NJ and rent it back. It really is a great opportunity for you if you find that making the monthly mortgage payments is not feasible for you. Consider the options offered by DJA Properties LLC in Westville NJ visit them at http://www.866CashPaid.com to find the best option for you.
Bathrooms And Breakrooms: What Do Our Employees Need? Buying Furniture Online and its Advantages The advantages of renting a home Easy Chair Club (Alternatives) Easy Chair Club $$$ Doorstep Loans-Effortless and Hasty Finance Common Foot Problems- Flat Feet, Heel Pain And Bunions Job security and purchasing a home Buying a home out of fear Make money from home - affiliate marketing with facebook ads Realtors in Knoxville TN,Remax in knoxville tn,homes in Maryville tn Installing Heated Flooring During Your Seattle Remodeling Project Estate And Antique Or Vintage Jewelry Lucky Few are Buying $1 Million Homes for Just 2%