Real estate investing is not as complicated as most people think, but it’s not even as easy as what others expect it to be. But looking for the best investment property is not as difficult as handling properties, investment deals and transactions. In fact, you can find the perfect real estate property for you in just three simple, but great ways. Read this article about properties
First, you must be certain about the type of investment property you want to buy. It is important that you’re not confused over what type of property you want to manage. In real estate investment there are many ways to make money, but it is not a must that you do everything. It is best to focus on one property type and become professional on that certain investment type before getting to a new one. There are several property types that you can choose from. If you want a simple investment property, you can get single family home or small multi-family properties. These types of properties are best when you just starting with the business. You can move up to apartment complexes to generate more income or get commercial buildings for much higher property values, but of course, with greater responsibilities and dedication.
After you’ve decided on what property type you want to invest in, it’s time to move forward and search for that property. Multiple Listing Service or MLS is one common method when looking for the best property for you. It is a collection of lists of all homes that are currently for sale. You can search online through multiple websites like Realtor.com, Zillow.com, Craigslist.com, Trulia.com, RedFin.com, Backpage.com, or Kijiji.com. You can also consider Loopnet.com in search for anything from a small apartment building to a commercial building or restaurant. It is the largest listing site for commercial and multifamily properties. You can send out large numbers of letters and postcards to targeted individuals on your list. This process is called direct mail. Networking is also a good method in searching for a good investment property, whether through networking channels or person-to-person contact.
Lastly, the cheapest and simplest way to find the best investment property is the “guerilla marketing”. These are the bandit signs or 18 x 24 corrugated plastic signs that you can see along roads and intersections or poles. According to Russ Whitney, guerilla marketing is best when handwritten and of course, with contact numbers. Here are some of the messages used in this kind of marketing: “Cash in 7 days for your house”, “I buy junk property”, “Cash for clunker properties” and “I love to buy hood houses.” This method is very effective for people who were embarrassed with their property and don’t want to deal with corporations who have better signs. They will prefer to deal with regular people who are locals. If you’ll get into such business, do not take it as a hobby because real estate investment is a business in all means. It needs plans, systems, organization and effective management.