Comments on: Buying Multiple Properties: Finding a Niche http://investorwealth.com/blog/2008/05/28/buying-multiple-properties-finding-a-niche/ Brought to you by InvestorWealth.com Tue, 02 Dec 2008 19:17:05 +0000 http://wordpress.org/?v=2.2.1 By: Real Estate Investor Software http://investorwealth.com/blog/2008/05/28/buying-multiple-properties-finding-a-niche/#comment-7420 Real Estate Investor Software Wed, 28 May 2008 17:30:07 +0000 http://investorwealth.com/blog/2008/05/28/buying-multiple-properties-finding-a-niche/#comment-7420 This is a GREAT piece of advice. There are a boat load of advantages to targeting a niche market as an investor... especially if you can narrow in on a specific neighborhood or area of town. One of the great advantages is that you become the professional in that area, and you not only will get to know the houses and prices very well, but residents in that area will begin to recognize you and will actually refer sellers to you. I target a specific area in the towns that I invest in, and because I have bought and sold so many homes in there, I can basically negotiate over the phone without having to go out and look. In most cases I know the exact house they are talking about, or one just like it. Knowing what you can pay for a house, and sell a house for successfully in any area is important, but when you know the area like its your own... it makes it much easier to do deals in. This is a GREAT piece of advice. There are a boat load of advantages to targeting a niche market as an investor… especially if you can narrow in on a specific neighborhood or area of town. One of the great advantages is that you become the professional in that area, and you not only will get to know the houses and prices very well, but residents in that area will begin to recognize you and will actually refer sellers to you.

I target a specific area in the towns that I invest in, and because I have bought and sold so many homes in there, I can basically negotiate over the phone without having to go out and look. In most cases I know the exact house they are talking about, or one just like it.

Knowing what you can pay for a house, and sell a house for successfully in any area is important, but when you know the area like its your own… it makes it much easier to do deals in.

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