Rental Property Investment - Finding The Propertie

Rental property investment starts with finding the best deals. To do this, you can increase your odds by finding more deals. Who's more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are those ten:

1. Look in old papers to find "For Rent" ads. Call if they are a few weeks old. The landlord may be ready to sell, especially if he hasn't yet rented the units out.

2. Look up old FSBO ads. Call on two-month-old "For sale By Owner" ads, and if they haven't sold, they may be ready to deal. Owners often give up the effort, but still would love to sell. Help them out!

3. Drive around looking for "For Sale By Owner" signs. Owners often don't want to pay to keep the ad in the paper every week, so you won't see all properties there.

4. Find abandoned properties. That's a pretty clear sign that the owner doesn't want to deal with the property. He might sell cheap.

5. Talk. Let people know you are looking and sometimes the properties will come to you. There are a lot of owners out there who want to sell, but haven't yet listed their property.

6. Talk to bankers. You might get a foreclosed rental property cheaper if you buy it before they list it with a real estate agent.

7. Offer someone a finder's fee. There are people that always seem to hear about the good deals. Have such people coming to you.

8. Eviction notices. If your local papers publish eviction notices, or if you can get the information at the courthouse, it can be useful. A landlord who just went through the procees of evicting tenants is a likely seller.

9. Use the internet. Go to a search engine and enter the type of real estate you are looking for, along with the city you want to invest in. You never know what you might find.

10. Put an ad in the paper. "Looking for rental properties to buy," might be sufficient to generate a few calls.

There is a lot more to learn to do it right, but finding good properties is a good place to start for rental property investment.

Posted by Byron Jackson on December 13, 2008 at 12:00 AM

About Byron Jackson
Byron Jackson is affliated with Century 21 Caldwell Prime Realty, which is located in Hot Springs, AR. For further assistance please use the contact information located on the right.

As of 05/17/12 the Byron Jackson RePage is ranked at 5,880 with 370 points.

Local Information for Hot Springs, AR

Latitude: 34.497138 -- Longitude: -93.055393

ZIP Codes for Hot Springs, Arkansas	71901 71902 71903 71909 71910 71913 71914 71951
Area Code for Hot Springs, Arkansas	501
Time zone for Hot Springs, Arkansas	CST

Other Area Cities: Benton, AR Hot Springs, AR

Enter our Photo Sweepstakes and Win $200 for your Hot Springs photos!

To see random photos for other cities Click Here.

Submit your photos of Hot Springs and become eligible to win $200. Click Here for details.

The city takes its name from the natural thermal water that flows from 47 springs on the western slope of Hot Springs Mountain in the historic downtown district of the city. Approximately 800,000 gallons of 143-degree water flows from the springs each day. The rate of flow is not affected by fluctuations in the rainfall in the area. Studies by National Park Service scientists have determined through carbon dating that the water that reaches the surface in Hot Springs fell as rainfall in an as-yet undetermined watershed 4,000 years earlier. The water percolates very slowly down through the earth’s surface until it reaches superheated areas deep in the crust and then rushes rapidly to the surface to emerge from the 47 hot springs. Spanish explorer Hernando DeSoto was the first European to visit what Native Americans called the Valley of the Vapors when he and his men reached the area in 1541. -- Source: Wikipedia.com

Arkansas 2000 Census Population Profile Map

	Hot Springs	Arkansas	United States
Population	35,750	2,673,400	281,421,906
Median age	42.4	36	35.3
Median age for Male	39.7	34.6	34
Median age for Female	45.3	37.4	36.5
Households	16,096	1,042,696	105,480,101
Household population	34,164	2,599,492	273,643,273
Average household size	2.12	2.49	2.59
Families	9,066	732,261	71,787,347
Average family size	2.8	2.99	3.14
Housing units	18,813	1,173,043	115,904,641
Occupied units	16,096	1,042,696	105,480,101
Vacant units	2,717	130,347	10,424,540

Visit US Census

Enter our Photo Sweepstakes and Win $200 for your Hot Springs photos!

Rental Property Investment - Finding The Propertie

Local Information for Hot Springs, AR

Latitude: 34.497138 -- Longitude: -93.055393

ATF Forex Trading

Lingerie & Perfumes

Wedding Singer

QROPS

Leader Newspaper