How to Find Good Investment Property in Any City
Every investor has different criteria for what makes a perfect investment property for them. For an investor, finding that perfect property is the biggest challenge. The internet is a great place to start, is increasingly popular, and among the most cost-effective and time-saving ways to search for that perfect gem. Here are some of the best websites to kickstart your search for that perfect investment property that meets your ideal buying criteria.
These sites require a little extra work. You can find properties that meet your criteria and are off-market. You can contact homeowners directly and try to negotiate with them for a quick sale. It is best to have cash or financing ready in order to get the best deal possible.
This site specializes in foreclosures.
trulia.com, zillow.com, realtor.com
These websites are direct to the public and are also used by Realtors.
Craigslist has been around for a really long time. It is a great resource for pretty much anything for sale. Look at the real estate for sale section to find potential deals.
Auction.com features foreclosed properties that are available by the bank in an auction format. Auctions can either be online asynchronously, live online, or live at the property or courthouse. They sell many types of properties such as commercial, luxury homes and even land. It is easy to view properties and if you find something you want to bid on, registration is easy and free. Be sure to read their how-to section to make sure you know what to expect in an auction.
Loopnet is great for commercial real estate. It features commercial real estate for sale and for lease. Loopnet boasts the largest database of available commercial inventory in the U.S.
Loopnet also has other features that can aid you in your search. Features such as sales comparables (comps), property records search, and pre-foreclosure and REO can uncover valuable insights and value. Many Loopnet features are free, but the paid option unlocks some features that serious investors love.
This website has a large list of fixer uppers for sale. You can find single family residences, duplexes and apartment buildings. If you see something you like, be sure to verify the numbers since many wholesalers use the site and they may inflate their ARVs.
Another place to find fixer uppers.
These are all great online resources. If you prefer someone to do the work for you, we are always looking for buyers that we can find properties for. Contact us and share your buying criteria.