The Best Investment Properties Opportunities in Los Angeles
Interested in real estate investment property but don't know where to start? Take a look at these frequently asked questions and you'll see how simple it is to get going.
Is it possible to make money in real estate investing?
Yes! It is not only possible; it is highly probable that you will make money in real estate investment property. Buying investment property is the best way to build wealth, and real estate has created more millionaires than any other kind of investment in recent years. Just take a look at all of the experts who recommend that you buy investment properties as a path to riches. It's clear the professionals who advise buying investment property on television and the internet are on to something. With investment property sales, you can generate $10,000 or more in revenue your first month alone. What other investment can claim that?
How do I profit from real estate investment property?
There are two main ways in which people make money on investment properties in the Los Angeles area. The first is "rehabbing" cheap investment property. The idea is to take a bargain property, make some repairs and cosmetic changes, and resale it. The second is to buy investment property for use as a rental property.
Which method works best?
Most professionals recommend combining the two for maximum profit. Owning real estate investment properties for rentals will build long-term wealth and a consistent cash-flow. Many people also buy cheap investment property or residential investment property to "flip." This is the kind of investment property sale that will net you that immediate $10,000 or more profit.
What kinds of investment properties are available?
Income properties vary widely, and it pays to do some research and learn which ones will perform the best for you. Traditionally, real estate investment experts have advised buying HUD, MLS, or foreclosed homes. The problem with this strategy is that so many professionals have advised it that everyone is doing it. A better idea is to look for pre-foreclosures, or motivated seller leads. Another area to investigate is wholesale properties, which are for sale by other LA investors.
Which are the best kinds of cheap investment property to buy?
In order to profit from real estate investing, you need to buy cheap investment property. One of the best sources of this is pre-foreclosures, which we like to call motivated seller leads. These are homeowners who have defaulted on mortgage payments but whose homes are not yet on a foreclosure list. Usually these homeowners are eager to sell quickly and cheaply-anything to avoid having the bank repossess their house. Thus, pre-foreclosures are an excellent place to look for residential investment property.
Where do I find income properties?
Traditional recommendations include searching the MLS and HUD listings, and scouring foreclosure lists. But our service can give you a jump start on the investment property competition. At www.myhousedeals.com, we provide listings of pre-foreclosures and wholesale deals that are updated daily and include all the information you need to determine your interest level on a property. It's also important when flipping investment properties to work fast, and our service puts you in touch with all the professionals you will need to support your efforts.
I'm ready to start looking for investment properties for sale. How do I begin?
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