One of the most difficult things for new real estate is finding real estate
investing deals. In fact, there are some experienced investors that
continue to have this problem, even after working at it for several years.
Although it can be difficult to find real estate investing deals, it is not
entirely impossible.
The first thing that investors must do to find deals is lose the mentality that
a fairy will allow deals to fall in your lap. Did you notice any deals coming
to you before you were an investor? Why should you attract more deals
after you start real estate investing? The answer is that you won’t. To find
real estate investing deals you have to look for them.
Knocking on doors is a tried and true method to find real estate investing
deals. Are you afraid to knock on doors? So are most other investors.
Since there are so many investors reluctant to knock on doors, there is an
entire segment of the market left untouched. Think of how many more
deals you can find if you become the one who isn’t afraid to knock on
doors.
By now you are wondering what exactly you should say when you knock on
someone’s door. Let’s say you were down at the courthouse looking up
recent foreclosures. You find a few addresses and you would like to
contact them. When you knock on the door you don’t have to tell the
homeowner that you know about their foreclosure. In fact, you that word
should never leave your mouth. Unless, that is, you want the homeowner
to close the door in your face. You should simply introduce yourself and
let the homeowner know you were at the courthouse. Say you noticed
their pending problem with their property and say that you would like to
help. If the homeowner seems inviting offer your assistance. Tell them
what you can do to help and move forward with the deal.
Try running a real estate investing ad in the newspaper. Many investors
don’t purchase ads because they are deemed as being expensive. Think
about it like this: all it takes is one real estate investing deal for you to
come up with the money to pay for an entire year of ads. Sound better? It
should. The best place for your ad is in the “Money To Lend” section of
the newspaper. When foreclosure is looming, many homeowners want to
borrow the money to save their home. Once you receive a phone call from
a potential foreclosee, you can begin working your real estate investing
magic.
Don’t think that because it’s not raining real estate investing deals that
there are none out there. There are plenty of deals all around you, you
just have to look for them. Until you establish your reputation, you have to
do the work it takes to find deals in real estate investing deals. People won’
t just bring them to you right off. Do the work that other investors aren’t
willing to do. Soon enough you’ll find yourself with more deals than you
can handle.
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as a result of information provided.
