There are so many ways to find properties for return of investment. The most common is to find the owner directly and make a cash offer. Most of these homeowners have properties that are owned by the bank or lender that they want to get rid off at a discount because they can no longer make the payments. You can also buy tax lien certificates on the properties so that you’d be able to foreclose it yourself. Here are some of the ways to find investment properties:
- Short Sales – Banks often take less than the amount being owed on the property in order to save from the hassle of foreclosing and reselling.
- REO’s – Properties under foreclosure can be purchased under market if the demand is not that high.
- Lease Options – Purchasing the properties and renting it with the legal right to buy later on.
- For Sale by Owners – Private homeowners advertise the property themselves in a newspaper ad or put up a sign. They do this in order to avoid paying a realtor and sell their properties at a discounted price.
These are just a short list. There are also other ways to find properties that you can invest. Do due diligence and take action as soon as possible.
