How to Find Wholesale Properties As "Bird Dog" or Investor
As a real estate investor or as a 'bird dog" what kind of property should you look for? Obviously you need to look for that wholesale deal, but what really makes up a wholesale deal? What kind of wholesale property do you need to look for? The anatomy of a wholesale deal is made up of the following; distressed property, or distressed seller, or both.
In any case owning the property is a big problem for the seller so he/she will discount it to get it sold quickly.
Let me go into these types of property a little further.
Distressed property Used For the Real Estate Investment This is property that needs some or a lot of work.
It may just need a simple paint job or it may need a real overhaul.
At any rate distressed property is sought after by the real estate investor, because he knows that if he puts work into it, then he will make a nice profit when he sells.
You just need to be a little careful with distressed property and find out how much work and what kind of money will have to be put into the property to make it ready for that retail buyer again.
Motivated Sellers are good for the Real estate Investor This is one of the best types of property you can find either as a real estate investor or as a "bird dog" because the owners are ready to sell, and they don't care if they make full market value on the property.
These homeowners may be selling because they need to move, they have financial difficulty, a parent has died, etc.
The best way to find motivated sellers, is by heading down to the courthouse and finding out who is filing for bankruptcy, who is getting divorced, etc.
Then contact these people and talk to them.
Discount property For Real estate Investors Some people need to get rid of their property because they need to move and get on with life.
These sellers are willing to discount their price and many investors are too embarrassed to ask them if they are willing to discount.
What is wrong with asking the seller what the least amount of money he will take for his property is? Remember you can help these sellers solve their problem and sell their property quickly.
It is just a matter of asking the right questions.
These type of properties are ideal for the real estate investor, and they are not impossible to find.
People have life situations, and life situations require quick fixes, and you can help them fix the problem.
In any case owning the property is a big problem for the seller so he/she will discount it to get it sold quickly.
Let me go into these types of property a little further.
Distressed property Used For the Real Estate Investment This is property that needs some or a lot of work.
It may just need a simple paint job or it may need a real overhaul.
At any rate distressed property is sought after by the real estate investor, because he knows that if he puts work into it, then he will make a nice profit when he sells.
You just need to be a little careful with distressed property and find out how much work and what kind of money will have to be put into the property to make it ready for that retail buyer again.
Motivated Sellers are good for the Real estate Investor This is one of the best types of property you can find either as a real estate investor or as a "bird dog" because the owners are ready to sell, and they don't care if they make full market value on the property.
These homeowners may be selling because they need to move, they have financial difficulty, a parent has died, etc.
The best way to find motivated sellers, is by heading down to the courthouse and finding out who is filing for bankruptcy, who is getting divorced, etc.
Then contact these people and talk to them.
Discount property For Real estate Investors Some people need to get rid of their property because they need to move and get on with life.
These sellers are willing to discount their price and many investors are too embarrassed to ask them if they are willing to discount.
What is wrong with asking the seller what the least amount of money he will take for his property is? Remember you can help these sellers solve their problem and sell their property quickly.
It is just a matter of asking the right questions.
These type of properties are ideal for the real estate investor, and they are not impossible to find.
People have life situations, and life situations require quick fixes, and you can help them fix the problem.
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