Secrets of Buying Investment Property in DallasPre-foreclosures and wholesale properties are still producing profits for Dallas investment property investors in the know.
When searching for Dallas investment property you want to avoid the properties that most investors are clamoring for. For the past several years investors have been driving up the cost of acquiring foreclosures leaving very little margin left for profit. A tell tale sign is that if you see a foreclosure listed in the newspaper or with an agent, you're probably too late to make any money off of that deal.
But your search for the perfect Dallas investment property should not end there. There are some properties that have managed to stay under the radar of most average investors. Pre foreclosures and wholesale properties are still producing profits for investors in the know. You won't see pre foreclosures or wholesale properties listed in the paper or widely advertised. You really need to know where to look to be able to find and take advantage of these deals.
Pre-Foreclosures in Dallas
Pre foreclosures are homes that are close to foreclosure but have not yet hit the official foreclosure list. There are so many homes that fall into this category as more and more homeowners fall behind on their payments and pretty much give up hope of paying their mortgage. You can help them out and make some good money at the same time by purchasing their property at or below the outstanding mortgage balance. This could be a win-win situation.
Wholesale Properties in Dallas
Some Dallas investment property owners are aware of the "behind the curtain" world of wholesale property deals. These are deals that take place between investors, typically for an amount just above cost, that lets the seller get out from under an investment quickly. This can happen for a number of reasons such as a need to free up cash for other investments, or a lack of time to complete the necessary repairs to get the property in saleable condition.
In both cases the types of investment are tough to find. That's why MyHouseDeals.com compiles the most comprehensive list of these Dallas investment properties, making them available to our members only. We also keep track of changes with each property including listing status, price reductions, cost of repairs, and more.
If you'd like to learn more and see the deals that you are missing out on right now, click below to take advantage of our free membership. See what so many other members across the country already know.
By Doug Smith