Great Real Estate investment opportunity
How does one find a great Real Estate investment opportunity when you have the money and credit to buy?
Only way I know is by actively looking at listings and talking to the banks for foreclosures. They do happen and you have to be in place to jump on them as soon as they appear.
Also tell a real estate agent you are looking for an investment property they will be more then glad to cal if one goes on their listing.
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First you have to decide if your investment is going to be an income property or a turnaround. If you want a long term investment, you may want to go income property. That way you will have the regular income from rent receipts (minus overhead) that you can re-invest if desired. Then when the market turns in favor of sellers you can unload at a profit.
If you are looking for a shorter timeframe, you can look at foreclosures, as has been mentioned, or Fixer-uppers. A realtor will be the best person to help you with this. Look for properties that are priced substantially below market value, usually due to disrepair, divorce or perhaps it has just been on the market too long and the owner "must sell." Once you find the right property, the right investment in improvements can increase the property value in a hurry. Even in today's market you can make a substantial profit with the right upgrades.
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