How to Buy Investment Property in DallasPre-foreclosures, investor-ready foreclosures, and wholesale properties are producing huge 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 to acquire foreclosures leaving very little margin left for profit. A telltale 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 on that deal.
But your search for the perfect Dallas investment property should not end there. There are properties that manage to stay under the radar. Investor-ready foreclosures, pre-foreclosures and wholesale properties are producing profits for Dallas and Fort Worth investors. You won't see these properties listed in the paper or widely advertised, so you really need to know exactly where to look to be able to find and take advantage of these deals.
Investor-Ready Foreclosures in Dallas
To acquire an investor-ready foreclosure, you’ll never have to attend an auction. These are foreclosure properties that were not purchased at foreclosure auction and are now bank-owned. You are often able to purchase an investor-ready foreclosure at a deep discount, unlike typical foreclosures that have many investors bidding for them (making the price go up and up). MyHouseDeals compiles a list of investor-ready foreclosures that have room for profit and are for sale at a significant discount.
Pre-Foreclosure Properties 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 homeowners fall behind on their payments and give up hope of paying their mortgage. You can help them, and make some good money by purchasing their property at or below the outstanding mortgage balance. This can be a win-win situation.
Wholesale Properties in Dallas
Only 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 sellable condition.
In both cases, these types of investment are tough to find. That's why MyHouseDeals 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, go here to take advantage of our free membership. See what so many other members across the country already know.
By Doug Smith