Finding Your Properties (2)

The third method I will briefly talk about is:

Networking

          Networking is a highly effective method which is often overlooked. How hard is it to tell everyone you know and meet that you are in the market to purchase another property? Why would you limit this method to only yourself; this method should be practice by ever member of your organization and real estate team. It is important that you tell them the houses can be in any condition or situation so they eliminate these thinking they’re a waste of their and your time. This method allows you to capitalize on those you know and desire to help you the most. Leting every one know will reach into place you may never have imagined, and when you need to approach the property owner you have a built-in icebreaker.

 The fourth method used is often one which another is paid to create:

Search Engine Optimization

When it comes to investing in real estate this means creating a website explaining what you do:

• You purchase crappy houses
• You build homes
• You increase the value of every property in the neighborhood

You offer the fair market value for the properties. You needn’t tell how you do these things you need to create or have someone in your organization create a website that will rank higher than others in the online search engines.  The purpose for hiring a professional to build and maintain this web site is to show up before others searches when they type in Sell my crappy house, or distressed property for sale, or how to sell a property which cannot qualify for a loan from lending institutions, or any other method used to describe the properties you search for

This method is close to sending out mailers which is to say it is the direct mailer of today. Many times, people receiving cards in mailers in the mail simply place them in file 13. When people wish to learn about something today, they search the World Wide Web. This method works well with all other methods. You may wish to begin by going to Restrict Content Pro, Done Deal, Investor Carrot, HomeVestors or other such organizations which help you create a Web site which draws people to you.

The final method I’ll talk about in this blog is:

Auctions

Many investors have gone to the court house steps and raised their little paddles and purchase great investment properties. These are typically lending institution’s foreclosures. This type of auction is not the only type auction to seek when trying to purchase investment property. There are online auctions. If you are purchasing though an online auction you needn’t go to the property run your numbers but you do need a trustworthy person to do this work for you. You do not want to purchase a investment property only to find out they the city is going to put in sewers, sidewalks and streetlights at the property owners expense. You also don’t want to plan to put in a total of $400,000, to find out that the highest priced properties in the neighborhood are selling for $350,000.

I’ll leave you with a few final thoughts. Why would you adapt a method where you were able to utilize all of these methods and stay on the lookout for market trends which will present others in the future? Why would you believe that once you’ve tried one of these methods and didn’t receive quick results that you should move on to another. Seldom if ever does the direct mailer method generate immediate results. Many times it take several attempts to get a call because people need you to prove you’re not just another flyby wan-to-be investor, or a we-be flipper seeking helpless prey to steal and legally take advantage of.

Note: Images on this blog site are from a free source or taken by the author. No image or group of photos is intended to represent the people the author serves. The author does not care about Race (that is a politically correct term that he does not like because we are all of the same Race, the Human Race. He prefers the term ethnicity, color, religion, sex, gender, marital status, disability, genetic information, national origin, source of income, Veteran or military status, ancestry, citizenship, primary language or immigration status.) He is a service provider for all people. We will all rise together when we band together and help one another. Joseph Erwin is a Real Estate Broker, DRE # O2131799, and a CA general contractor # B 696662. He’s a member of the CRMLS and The East Valley Association of Realtors located in the Inland Empire region of Southern California.