Finding Profitable Investment Property in Austin
The Austin investment property market has changed recently, much like other investment property markets across the country. While this has made things tough for novice investors, the smarter more experienced investors are still able to find good deals by knowing where to look and knowing their numbers.
For many years, investors focused only on foreclosures. But in order to stay profitable today, focus has to be put on some other types of Austin investment property, namely pre foreclosures and wholesale property deals.
Pre foreclosures are homes in which the owner has fallen behind on payments and are likely just months away from becoming a foreclosure. There is an opportunity for an investor to come in, buy the property for the outstanding mortgage balance, and book a good profit on the deal. This scenario really only plays out though if the owner has built up significant equity in the home. So you have to know the numbers going in.
While this sounds like a good deal for the investor involved, it does not have to end badly for the homeowner. The typical homeowner saves their credit and avoids financial ruin.
Wholesale properties are another type of investment where it pays to know your numbers going in. You also need to have some connections as finding these deals are tough without belonging to a network of investors. Wholesale property deals occur when one investor needs to get rid of a home fast. Believe it or not these deals are more common that you know, and happen for a variety of reasons. But in order to partake you have to know where to look.
At MyHouseDeals.com, we know the numbers that make for a profitable investment. We're investors ourselves and we have a lot of experience in pre foreclosures and wholesale property deals. We put together the most comprehensive list of these types of Austin investment property deals and make that available to our members.
Out list is updated daily and we do all the leg work necessary to verify that the numbers associated with the deal are accurate and make sense from an investment standpoint. All our members have to do is focus on doing what they do best.