Real Estate Investing Blog

When you’re going to be buying multiple properties, one of the first things that you’re going to want to do is to find sellers - but not just any sellers. You will really be looking for those homeowners who are still “thinking about selling,” or those homeowners who are in danger of losing their homes if they don’t put them on the market.

After all, when you’re buying multiple properties, your goal should be to save as much as possible; once a home is listed on the open market, there’s competition, and that increases the amount that you are going to pay.

Therefore, if you’re going to be buying multiple properties, try these options:

• Rather than waiting for sellers to advertise their homes in your local newspaper or FSBO magazines, place an ad in those same places saying that you buy properties and give the homeowner a chance to sell to you before listing the home;
• Take the time to network. The more people who know that you buy homes, the more likely homeowners will be to find out who you are;
• Do neighborhood drive-bys and keep track of homes with for sale by owner signs; after the house has been on the market for an extended period of time, you may be able to negotiate with the seller;
• Be in touch with banks and mortgage brokers in your area so that they are aware that you are interested in buying foreclosure and pre-foreclosure properties.

When you’re able to find the right sellers at the right time, buying multiple properties for investments is far more cost effective/

This entry was posted on Wednesday, March 26th, 2008 at 1:44 pm and is filed under Buying Multiple Properties. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.