Real estate investment is about finding good deals

Real estate investing is often treated as one of the best ways to invest money. However, what you are looking for is not just any real estate investment, but a real estate investment that can give you good returns. By real estate investing we mean investing money into property, i.e. buying property at a low price and selling it at a higher price to profit from it. So, the most important part of a good real estate investment is getting such a property that can give you a good return.

Now, how can you land this potential profit-making deal?

Your first way to find good deals is the local newspaper (property newspaper). Just look for properties that are directly listed by their owners who want to avoid paying commissions to real estate brokers. Because the owners save on the commission they would otherwise pay the broker, they may be able to offer you a lower price and be more open to negotiation. You can also place your own ‘wanted’ ad in the local paper.

On the same line, you can use the internet to search for real estate investment avenues. In fact, you will be amazed at the sheer number of real estate investment opportunities that you can find on the internet. Not only that, finding real estate investment opportunities (i.e. properties for sale) is much easier on the internet than anywhere else.

Another good way to hunt for real estate investment opportunities is to use the services of a real estate broker. Some people use real estate agents as their first (and perhaps only) point of contact for real estate investment opportunities. Real estate agents act as information centers for people who want to buy properties. In fact, many sellers find it much more comfortable to sell their property by registering it with a real estate agent.

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Multiple listing services are another good way to find real estate investment opportunities. Since the double listing book is provided only to real estate agents and not to the general public (unless you’re very lucky), all the cream (a great real estate investment opportunity) will have been taken before you can see the book. The key here is to look for expired listings that don’t convert into deals.

Another good way to acquire property, which is a good real estate investment, is to seek foreclosure by a bank/VA/FHA or visit a public auction. You can usually get a good deal here. Divorce settlement is another great real estate investment opportunity.

So, real estate investing is really about finding good deals. And finding good deals does take some work.

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