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  • 4/19 - Blog Posting: 7 Years! - Can you believe it? MyHouseDeals.com celebrates its 7 year anniversary this week!! Seems like just yesterday that I was driving along the highway thinking about business when an idea popped into my head. I said to myself, "I'm frustrated with looking for deals in so many different places. Ther...
  • 4/13 - Blog Posting: Top Zip Codes for Wholesale Deals - Jan, Feb & Mar 2012 - Hello again fellow investor! We're excited to announce that for the first time this year, 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 hav...
  • 4/6 - Blog Posting: Tom & Elizabeth switched from stocks to real estate! Find out why! - Premium Elite members Tom & Elizabeth Rutowski just wholesaled a deal for a quick $4k in profits, head over to our success stories page to learn: How to independently build a solid real estate education. The challenges associated with RE Investing & how to overcome them. Why it c...
  • 3/30 - Blog Posting: Good news for our investors... - Well March is nearly over and we hope it was a successful month for your investing endeavors! The real estate investing market is ripe with deals and equity this year -- and we have the numbers to prove it! Just for fun we pulled deals stats from March 2011 and compared them to this month... I...
  • 3/9 - Blog Posting: Michael made a quick $55k on his latest deal! - Michael made a quick $55k on his latest deal! Head over to our success stories page to check it out! Click here to listen to the Michael Austin interview! NOTE: Since Michael is a Premium Elite member, he received a FULL refund of his up-front membership fee for simply doing a deal! Find...
  • 3/6 - Blog Posting: Surprise, we have a new addition to the family! - Our most active -- and addicted -- members may have already noticed: we recently added our 16th city to the website. It's time to welcome your newest source of leads in the Tampa Bay, Florida area! We are excited to expand to this area in response to high demand from our South Florida members...
  • 2/27 - Blog Posting: 100% chance of Rain - I have a great video to share where a freind of mine, Drew "The Rainmaker" Downs, shows you how he makes it rain in his business every single week while barely lifting a finger. Go Here Now to See How Drew Makes it Rain Have you ever noticed banks pay very little on their savings accounts, but...
  • 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.

Learn why this newbie investor switched from stocks to real estate!

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Investor: Tom & Elizabeth Rutkowski- Wisconsin & South Florida

Listen as Tom discusses:

  • How to independently build a solid real estate education.
  • The challenges associated with RE Investing & how to overcome them.
  • Why it can be helpful, especially as a newbie, to hire a home inspector to assess repairs.
  • Tips for keeping contractors on budget.

Read More Success Stories

Published On: April 06, 2012
Membership: Premium Elite
Deal Overview:
After Repaired Value: $130,000
minus Purchase Price: $84,900
minus Cost of Repairs: $15,000
equals Total Profit: $30,100
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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!