Secrets of real estate investing

Secrets of real estate investing

I personally talked to a lot of people this week and noticed that there was a perception that some secret list exist from the banks and no one else sees for great deals on real estate. Anybody telling you that is not being truthful. It's a law that all properties that are bank foreclosed or government foreclosed must be given to the general public for purchase before anything else is done with that property.

For example some agencies requires a property to be on the market for 15 days, before an investor can even bid on it or purchase the property.

Secret to success in real estate is being there to buy the property quickly when it is right to do so.. Example this week I purchased a property in Cleveland Heights Ohio, on a great street and a great neighborhood that will rent for $950 a month. This home was in the estate sale.

The seller came to me because they know we are in the business to buy homes quickly for cash.. They originally wanted $18,000 for the home but we knew that was too high. After 60 days of not being successful in selling the house they came back to us and we just purchased it for $13,000. That is a great deal and that is a deal that will not be on the public market. Our clients will get this property for $13,000.

So the secret to investing is having the right advisors buying the properties for you. Great properties do not last more than one day to a week.. One More example we put a bid on a hot property that had 15 other offers already on it. The seller knew that we would close the deal quickly and awarded us with the contract. So again no secrets just people who do this for a living,, and undhttp://www.blogger.com/img/blank.giferstand the great properties will not last long..

So if you're wanting to get into the real estate investment business make sure you're in with the company that knows the business and does it for a living and can get you the best deals. Rooftop profit max understands that and that's all we been doing..

Remember great properties only can be purchased if you where to get them and are there to get them. All the hot properties never make it to any secret list or tapes.They are snapped up very quickly.Brett Young Rooftopinvestment.com