OfflineHello to all!
I am just beginning in the real estate world and need a little help! I live in a Coastal Area (highly sought after commercialized/vacation area)and my question is what do investors typically seek in these areas? Do they mostly want big money(million dollar investments) or do they mostly seek average homes or deals? In my area there are a mixture of high rise condos, beach homes, duplexes, bay homes, and average homes. I would love some feedback on what has worked for others, who have dealt with the same demographics and strategies that have worked for them! Please help me get off to a great start!!!
Thanks for the help in advance!
Donnie Miller
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Hi Donnie, The quickest way to get started is to build your buyer's list. Find out what they are looking for. You will find investors of all kinds, some prefer single family detached, others prefer condos or other multi-family units. By visiting with the investors and discussing their needs you will be focused on finding properties they will be willing to purchase. They have done the demographic research already, so all you need to do is search the areas they want to purchase in. You can assign some contracts while learning all about the market and only keeping the best deals for yourself. Working with a variety of investors will allow you to consider all types of properties, even those you wouldn't necessarily want to own personally.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I agree with boconnor. You should create the buyers list first and this will define what you as an investor should look for. In addition to this the most common house you will look for are the "average Joe" houses. They constitute 80% of the housing market. They are the easiest to buy (because of the vast number available) and the easiest to sell (there are more average buyers than lower or high income buyers). Generally, this would mean you would be looking at properties that are 3 bed 2 bath up to 4 bed 3 bath; from 1200 square feet to 2500 square feet in areas where common people purchase.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Donnie, BUYERS LIST BUYERS LIST BUYERS LIST. I feel that it would be nearly impossible for anyone to tell you what investors are looking for unless they are investing specifically in that area. There are many great tips and word for word scripts you can use in the forums that are post on this site. Using things such as craigslist and CORKIN.com will help you find investors. The ads are free and are viewed by many people. Once you have a list you can begin to look for properties. Best of luck to you!
When things feel uncomfortable...That means you're GROWING.
Don't forget to aim for the stars...for if you fall short you'll land upon the clouds.
I agree again,
Who would have thought? Here is an idea you can use for finding investors as well. In addition to looking for ads in craigslist or corkin or even posting your own ad (ghost ad) to attract the buyers I like to look for investors / buyers three ways.
1) Newspaper ads that state "We buy houses" or "We stop foreclosure" - something like this.
2) Finding road signs as I travel around that state the same as newspapers.
3) Going to a real estate investment club and talking to investors here.
I choose these ways because they are fast, easy and cheap because the investor / buyers are paying for the advertising and all I have to do is find their ads.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Is it an area where families & students vacation for spring break? Probably a SFR or condo near the beach. Is it nearby a University or College to rent to students? Duplex or SFR that has a roommate floor plan. You're going to have to build your buyers list first, as everybody else has already mention, to know what investors are looking for. Once you know your buyer's criteria are, then you'll know the answer to your question.
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Thank you for you responce,I have been slow about getting going but this will help me. I have just figured out how to use this system so you will be hearing from me often.Thanks for your help and keep me incouraged and any advice and tips will be highly appreciated. I have been working backwards by looking at properties for sale not for buyers but do now have a feel for the market.
Thanks Again,
Donnie
Thank you for your reply I have been going backwards and looking at property for sale but will focus on buyers more now instead to get a buyers list.
Thanks Again,
Thank you for your reply,I am going to put adds on these sites you mentioned.Keep me advised with these tips it is greatly appreciated.
Thanks Again,
Donnie