Have you ever come across a great deal that was already snagged? Was it another investor? It might be if there is rehab going on and there is a for rent or for sale sign in the yard. I have take these situations and made sure I benefitted from them, because I look to see who is listed on the property records as the new owner. Is it an entity or individual? I normally will cross reference the name listed in these records to see if they own other properties in the area. If they do own a few, I will either look to approach them at the property or better yet, I will send a letter or postcard to the address listed on the tax records. It is a great way to take lemons and make lemonade. If nothing else, you will know what types of properties they are interested in and you can start pounding the payment for more opportunities like this one. If these properties where posted on the MLS, you can check the MLS for that property along with the others you see they recently bought and note the amount they sold for versus the listing price. Now you have an idea of how much of fair market value they like to buy properties.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125