To make money in today's St. Louis investment property market, it takes patience, skill, and experience. You also have to know where to find the best deals, and what kinds of properties are best for your St. Louis investment property portfolio.
MyHouseDeals.com can help. We boast the largest collection of wholesale property and pre foreclosure deals in the St. Louis area. If you are not yet using pre foreclosure and wholesale property investing to build your portfolio, now is the time to start.
Owners of pre foreclosures are in troubled financial situations, usually brought on by a job loss or expensive medical bills. Without help, there's no way they will be able to avoid going through a painful and costly foreclosure before eventually being kicked out of the home they love. As an investor, you can step in and help and make money at the same time by offering to buy the home for the outstanding mortgage balance. The result is that you get a great deal, assuming there is enough equity in the home, and the homeowner avoids foreclosure and spares their credit. This can be both an easy and profitable investment.
Another property to consider are wholesale properties. Wholesale properties are a St. Louis investment property being sold by another investor at or near the price they paid for the property, usually in an effort to raise some short term cash needed to cover other investments. If you are able to find these deals when they pop up, and have cash available to close quickly, the property can be yours.
The thing investors like most about MyHouseDeals.com is not that we simply have more pre foreclosures and wholesale properties than you can find anywhere else. Even though this is great, what helps our members the most is the time we spend going through each listing and finding the most profitable hidden gems among them. Our staff actually follows up with the owners of each listing to verify the details of the property and also to see if they are willing to lower their price to get a deal done quicker. This saves our members a lot of time and headache.