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  • 1/17 - Blog Posting: How Gilbert Uses His Real Estate Profits for a Good Cause - Premium Elite member Gilbert Tyrrell just did a rehab and nabbed a nice check. Head over to our success stories page to learn: What inspires Gilbert to tackle difficult properties! Why Gilbert thinks that the higher your risk, the higher your reward! How Gilbert utilizes My House Deals t...
  • 1/14 - Blog Posting: 42,000 Wholesale Deals Posted [Wow!] - This week we posted our 42,000th wholesale deal to the website! In just a few short years, we've brought you all these wholesale deals, plus a staggering number of Motivated Seller Leads. Our current average is 5,000 wholesale deals posted per year, or over 400 deals per month! Do you think at ...
  • 1/3 - Blog Posting: Top Zip Codes for Wholesale Deals in 2013 - Hello again fellow investor! It's that time again! We're excited to release a list of the most popular zip codes for wholesale deals for all of 2013! If you do your own marketing to find investment property, target properties in these zip codes because they are more likely to have motivated se...
  • 11/28 - Blog Posting: Listen to Kermit Middleton discuss his move to Real Estate Investing and how he likes his new career! - Premium Elite member Kermit Middleton just did a rehab and nabbed a nice check. Head over to our success stories page to learn: What inspired Kermit to switch careers! Why Kermit thinks that confidence is a key factor when purchasing. How Kermit plans to rent this property in today's mar...
  • 11/15 - Blog Posting: Listen to Brad Friesen, a Real Estate Investor in Canada, Explain How He Invests in U.S. Real Estate! - Premium Elite member Brad Fiersen just did a rehab and nabbed a nice check. Head over to our success stories page to learn: Why Brad invests in U.S. real estate! How Brad uses MyHouseDeals to help build relationships. What Brad looks for before purchasing a property. Click here to lis...
  • 10/1 - Blog Posting: Top Zip Codes for Wholesale Deals – July, Aug & Sept 2013 - Hello again fellow investor! We’re excited to announce that once again we’re releasing a list of the most popular zip codes for wholesale deals! If you do your own marketing to find investment property, target properties in these zip codes because they are more likely to have motivated sellers...
  • 9/10 - Blog Posting: What a month! August sees 27% increase in deals - As we prepare to say goodbye to summer, we have fantastic news to share with you... If you've been using your free account at MyHouseDeals.com, then you had access to more deals last month than any other month in the last 3 years! Not only that, August saw a 27% increase in deals posted over ...
  • 4/7 - New Article: These House Flipping Tips Can Earn You 20-50% More Per Deal - Follow these house flipping tips and watch your profit on each deal you do soar. Our members have access to the resources needed to succeed. Check us out today!
  • 4/5 - New Article: How to Get 50% More Profit When Flipping a House - Learn how are members are flipping houses and making consistent profits by focusing on a few key tactics when working on these deals. Free membership.
  • 4/3 - New Article: Save 20-50% Buying and Selling Flip Properties With MyHouseDeals.com - Use MyHouseDeals.com to find your next flip property. Already have a property? We can help connect you to other investors willing to buy your flip properties.
  • 4/1 - New Article: Find Pre-Screened Pre Foreclosure Listings To Save Time and Money - Finding the right pre foreclosure listings can save you time and keep you from paying 20-50% more than you should. Check us out today.
  • 3/30 - New Article: Find Fixer Upper Houses Selling At Rock Bottom Prices - If you are looking to get into the real estate investing game on a budget, you might want to consider fixer upper houses. We have a great list of homes available.
  • 3/28 - New Article: Learn About the Recent Dramatic Shift in Property Investment Advice - The tune of those offering property investment advice has changed over the last several years. Learn why this is, and what advice you should be following now.
  • 3/24 - New Article: Find Investment Property For Sale At Prices Well Below Market Value - Let MyHouseDeals.com help you find the elusive profitable investment property for sale in your area. Join thousands of members across the country who count on us.

Find out how Rizvon landed his first deal with no formal real estate background!

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Investor: Rizvon Shakir

Listen as Rizvon reveals:

  • Why Rizvon thinks you shouldn't be scared of ugly properties.
  • How he got a headstart by being a Premium Elite member.
  • How Rizvon plans to use real estate to fund his retirement.

Read More Success Stories

Published On: April 11, 2014
Membership: Premium Elite
Deal Overview:
After Repaired Value: $284,000
minus Purchase Price: $183,000
minus Cost of Repairs: $0
equals Total Profit: $101,000
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Not All Sources for Investment Property Are Created Equal

Image of investment property

There are several different places where you can find investment property, and each source has its positives and negatives. The tough part is deciding which of these sources for investment properties will be right for you and your real estate investment goals.

Foreclosures Aren't Typically the Best Investment Property

Foreclosures were incredibly popular amongst investors for a number of years because they were considered to be an easy way to start investing in real estate. However, they are now out of favor with experienced investors because competition has driven up prices for these investment properties. While foreclosures are often available at a discount, that discount usually isn't a large enough for an investor who seeks to make a profit.

So Where Do I Find A Good Investment Property?

Wholesale properties and motivated sellers leads (also known as pre-foreclosures) are the types of investment properties most likely to be profitable for investors today, and you'll find plenty of them on MyHouseDeals.com. We focus on providing these properties because they are often available at bigger discounts than you'll find with MLS or foreclosure properties. Many wholesale properties and motivated sellers properties are for sale at 20%-50% off retail.

What is Wholesale Investment Property?

Wholesale properties are investment properties that are sold by other investors. The sellers are typically looking to make quick cash by selling you a fixer upper "as is." You can often make the larger profit by buying, repairing, and reselling or renting the property. This type of property is not available on the MLS or other public sources.

What are Pre-Foreclosures and Motivated Sellers?

Motivated sellers (pre-foreclosures) can also make for prime investment property. Like wholesale properties, these properties typically aren't listed on the MLS. Instead of reaching out to a Realtor, these sellers want to work with directly with a buyer who can buy quickly, and that type of buyer is often an investor. If a deal is made, the motivated seller benefits by getting out from under their mortgage. The investor benefits by picking up an investment property at a significant discount.

Unlock the Investing Secret Savvy Investors Already Know!

The pre-foreclosures and wholesale properties on this website provide tremendous profit potential for real estate investors. Sign-up for a free account now to gain immediate access to these investment properties, and grab your first or next big profit deal before someone else does!