Seven property investment tips you should take note of

Any investor new to the real estate market will need help and advice, so here we present our 7 tips to succeed in real estate investing. Read, understand and implement everything in this article and you’ll be well on your way to making your first solid investment in real estate.

#1 Partner with Experts
This is key; you cannot hope to know the ins and outs of real estate investing if you are new to the business, so you need to partner with an experienced party that can help you. You can develop a relationship with a real estate individual or a company; as long as they are reliable, experienced in real estate and honest you won’t go wrong.

#2 Work with Real Estate Developers
Very often some of the best bargains are to be had from developers selling off their own inventory; once you are in with the right developer you may be able to get some great bargains.

#3 Find Code Violations
A building code is a statutory requirement for a property; for example it may be that in a particular area they require some additional foundation work to protect the property from earthquakes. If the owner cannot afford the building work required to conform with this code, they may sell at a reduced price. All you need to do is to do the work and then you have a great property investment.

#4 Hunt Foreclosures
If a lender has to foreclose on a loan, they end up with what is known as a Real Estate Owned (REO) property, which they may not want to operate or own. So they will try and sell it off as soon as they can and will only look to recoup their original loan, so there may be many bargains to be had with foreclosures.

#5 Private Sales
In this recession and downturn, many sellers look to market their own properties without going through real estate agents, this way they avoid paying commissions. This can also be a source of many good deals.

#6 In Need of Maintenance
Properties in need of maintenance indicate that the owner is no longer interested in paying to upgrade the property, so these can also be good deals. These sales are often very easy as the seller is looking for a quick way out from the property.

#7 Create Your Own Numbers Spreadsheet!
Don’t rely on realtors for figures, do your own analysis and don’t forget to take account of taxes, commission, fees etc.

USA Property Investor is a one-stop shop for all the tips mentioned above, we can advise on all aspects of US real estate investing. To learn more and to see how we can help you, call Ollie on 07807 520 502 or email here, ollie@usapropertyinvestor.co.uk