Transactions means deals are being finished, and that is a very important part of being successful in the investment world. I took a local client out to look at some investment real estate. They had been trying to get a property for 6 months and had came up empty. The client explained to me that there was some secret that they were missing. She actually pulled my assistant to the side and ask him what the secret was? It amazes me that potential investors take these courses and think there is some magic bullet you can shot and get the best properties.
The secret is getting in with a company that is plugged into the market your wanting to invest in. The best properties are taken within days sometimes hours of there listing. We just picked up a duplex that had 11 offers on it the first day! This duplex was 4000 Sf that rents for $1900 a month for $35K plus rehab. Every property has to be offered to the general public if it is foreclosed on. That means all foreclosed investment properties are seen first by companies like Rooftopinvestment. That means the good ones are gonme quickly. Tax liens can take a long time to make any money on but they to are offered to the general public first.
Rooftopinvestment also get the best estate deals, we have people we pay that find these deals for us. These people search everyday to find these types of deals. They come to us first because they know if the deal is good it will close fast. Example 1152 Pomonia(click here to view this home) was a deal in Cleveland Heights Ohio. This estate deal was being sold for $13K and it was a great deal. Our guy tied the property up in escrow and offered it to us and we closed it in 2 weeks. We don't buy that many estate deals because the family usually wants to much money for it. Getting them is a full time job!
Rooftopinvestment is always on the prowl looking for the best deals and we get them. We just put a another great duplex in Lakewood in escrow Friday. I personally went out to see this property on Thursday and wrote an offer immediately! I know that property was not going to last very long at all.
So let me tell you there are no secret ways to get investment real estate, you just have to be out in the market every day. Getting the right company is the best way to get the best deals on the market Brett Young Valley Realty
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