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Real Estate Information |
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Buying Real Estate Thats Not For Sale
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy. A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission. Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria. Then contact the owners. Buying Real Estate From Non-Sellers Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking. Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds. If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year. Have a confidentiallity agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer. Why is buy investment properties this way? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate? Steve Gillman has invested real estate for years. See a photo of a beautiful house he and his wife bought for $17,500 on his home page, or go straight to the section on Investing In Real Estate: http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Jake Paul Closes One Of The Largest Real Estate Deals In Georgia History With $39 Million Purchase of 5,600-Acre Ranch Yahoo Finance Real estate inquiries by wealthy New Yorkers into Florida properties jump 50% after Mamdani primary win Fox Business These are the forgotten NYC nabes that became real estate hot spots in the last decade: report New York Post Dave Ramsey Saves Listener With $1 Million in Her 401(k) From Becoming a ‘Victim of the Real Estate Market’ Realtor.com Hoby Hanna: Zillow is ‘overstepping,’ limiting ‘creativity’ - Real Estate News by RealEstateNews.com Hoby Hanna: Zillow is ‘overstepping,’ limiting ‘creativity’ Real Estate News by RealEstateNews.com What renters really want | Real Estate Newsletter Inquirer.com Real estate sales in Peoria, Tazewell and Woodford counties for July 12, 2025 Peoria Journal Star Real Estate: Immaculately Maintained & Move-In Ready Home sanangelolive.com RNR Real Estate Briefs — Texas & more Realty News Report Real Estate Newsletter Articles this Week: Months-of-supply is higher than the previous 8 years! Calculated Risk NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani The Wall Street Journal Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours Yahoo Finance Buyers wary of surprise HOA costs now have a safety net Real Estate News by RealEstateNews.com Compass to share exclusives — if brokers, MLSs play by 2 rules Real Estate News by RealEstateNews.com 'Married To Real Estate' Canceled After Four Seasons On HGTV, Say Hosts Egypt Sherrod & Mike Jackson Deadline Senior Spotlight: The Grand Junction Daily Sentinel Tampa real estate investment firm under investigation for potential deceptive practices Florida Politics Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers CBS News A tale of two Floridas: Real estate industry torn over DeSantis' push to eliminate property taxes Fox Business $400 Million Family Lawsuit Involving Prominent Fullerton Real Estate Figures Part 1 Fullerton Observer Mortgage Rates Predictions for the Next 6 Months: August to December 2025 Norada Real Estate Investments 2025-2030 Five-Year Housing Market Predictions U.S. News Real Estate SERHANT. hits DC; Elliman snags ‘Million Dollar Listing’ star Real Estate News by RealEstateNews.com Department of Taxation and Finance dos.ny.gov The Michael Houck Real Estate Guide for July 13th Oil City News OT Real Estate Spotlight of the Week: 1555 Graves Lane The Owensboro Times Top 10 most expensive homes sold in Petaluma last week The Press Democrat Mortgage Rates Today – July 12, 2025: Rates Rise Across the Board for All Loan Types Norada Real Estate Investments Confusing housing stats & real estate nerds Sacramento Appraisal Blog Real estate boss targeted in San Francisco with smear campaign The San Francisco Standard Here are recent property transfers up to $970,000 St. Albans Messenger Real estate CEO warns of growing ‘exodus’ as people have ‘given up’ on California — but where are they going? Yahoo Finance Agent Spotlight: Katie Coleman The Grand Junction Daily Sentinel How downtown Natick MA has become a focal point for redevelopment MetroWest Daily News Despite signs of market rebalancing, real estate in this NJ town remains hot. Here's why Bergen Record Here are businesses on the move in Marin, Solano, Napa, Sonoma and Mendocino counties The North Bay Business Journal Top B2B Platforms Transforming Tokenized Real Estate Markets Herald Where are home prices falling most in America? This SWFL community made top of the list Naples Daily News Aspen Real Estate Snapshot, June 23, 2025 Aspen Daily News Home prices in Colorado Springs hit record high, even with many homes for sale Colorado Public Radio Property transfers: Marion County sales range from $20K to $390K The Marion Star Blackstone, PSP reportedly among consortium in talks to acquire H&R Real Estate Investment Trust Pensions & Investments Page C4 Post and Courier Page C2 Post and Courier Page C6 Post and Courier Page C5 Post and Courier Page C10 Post and Courier Page C11 Post and Courier Page C3 Post and Courier Page C12 Post and Courier Landmark Tax Reform Brings Major Wins for Real Estate National Association of REALTORS® Wichita Falls ISD teams with Bishop Real Estate to sell Kirby Middle School Texomashomepage.com |
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