subject: How to find Investment property listings [print this page] How to find Investment property listings How to find Investment property listings
Investing in income property is a job which requires time, skill and expertise to be successful. However, if you know the right places to look, you can easily find yourself some excellent investment property listings.
As the stock market fluctuates wildly, investing in real estate seems to be finding more favor with the public of late. Since rentals are a great way to make wealth, finding good rental property means that you have to invest the necessary time, connections and research for the job.
Developing the necessary network
Investment property listings can be found in a variety of ways. Landlords with a lot of experience search for foreclosures and are on friendly terms with city hall clerks and bank employees in order to keep tabs on properties which are on sale or will be in the market soon. Putting ads in the local papers or working with agents also help in sourcing valuable inside information regarding real estate.
Joining associations of property owners and connecting with local groups online will help you to stay in touch with the latest news regarding properties. In case you are already the owner of some rental property, your work becomes easier if you join an association. Investor meetings let you network with other owners and find out what's on sale and what's not.
Source Pocket Listings
Often the very best investment deals come from a source known as Pocket Listing'. Pocket Listing' is when brokers know of certain investment properties for sale,but no official announcement is made to buyers searching for properties. Unofficial announcements are often sent out through MLS, the Multiple Listing Service, for investment houses for single families. For commercial properties, the announcement is usually made publicly through a website or by sending postcards.
Undervalued properties are another great option for investors. If you invest a small amount of money in paying people to go through property listings and help you find the fixer uppers, it pays off in the long run as it gives you a long list of undervalued properties. Paying for leads means that everyone with valid information will call you in the hope of making money and you get to know of all the best properties in the market. However, what you also need to keep in mind while searching for investment property listings is that a lot of the calls may provide false leads. So, you shall need to clarify the lead first. Ask all those who bring in news to provide additional information regarding the price and value of the property. You would certainly not want to go for a deal, which is out of your budget range. Once your informers know exactly what you are looking for, they will provide you with relevant reports.
At the end of the day, your eyes and ears are the best sources of information. Be constantly on the lookout for properties which are up for sale. The longer the property is up for sale, the more its value depreciates. Keep an eye out for such investment property listings and be a little flexible with your ideas. Most of the information will come from people living in the areas where you are looking to invest.
