Not All Investment Properties Are Created Equal
There are several different types of investment properties for investors to choose from, each with their own positives and negatives. The tough part is deciding which of these investment properties will be right for you and your real estate investment portfolio.
Foreclosures were incredibly popular for a number of years because they were widely considered one of the easiest ways to start investing in real estate. They went out of favor with experienced investors a few years ago because competition drove prices for these investment properties up so high, and more recently they’re a bad choice because there are so many available on the market and there aren’t enough buyers to fill them all.
The types of investment properties most likely to be profitable for investors today are pre foreclosures and wholesale properties.
Pre foreclosures are a prime investment property if you can find them. The problem is that these homes typically aren’t listed as being for sale in the newspaper or the local MLS. That’s because these homes are owned by people who are slowly headed towards foreclosure and in most cases they are too embarrassed to raise their hands and ask for help. Or they might be scared some bottom feeder will try and come take advantage of them.
Our site offers an easy way for owners of pre foreclosures to showcase their homes to potential investors. If a deal is made, the homeowner benefits by getting out from under their mortgage, and the investor can usually pick up a property at a significant discount below market value. The investor might even end up with a long-term tenant for the property if they allow the owner to rent the home back from them. This can be a great scenario and it is not uncommon for this to happen.
Wholesale properties are also hard to find. These are homes being sold by other investors who are looking to get some quick cash by selling a property. In most cases these deals are purely for cash flow, so the seller will usually forego any profit on the deal. As the buyer all you have to be willing to do is close quickly and have the time and money to get the property in shape to rent out or sell.
MyHouseDeals.com has the best list of investment properties in your area, including pre foreclosures and wholesale properties. We update our list every day with the latest details on each listing and we follow-up regularly with sellers to see if they are willing to lower their asking price based on market conditions and time on market.
Click below to see what thousands of members already know…that MyHouseDeals.com is the best place to find your next investment property.