In a recent CNBC News article, billionaire Andrew Carnegie said that 90% of millionaires attained their wealth through real estate investments. Many people wonder, is this still true? It’s not uncommon for people to be skeptical of the real estate market because the market is known to fluctuate. Although the instability is actual, whenever the market does drop, it does manage to rise again. With this knowledge, there is no wrong time to get into the real estate market as long as you are in it for the long haul. Investing in real estate is a long-term investment- not a quick return.
Preparation meets patience
If you are prepared for the long-term commitment and ready to grow your wealth through real estate, the first step is finding real estate investment properties. Most successful real estate investors own multiple properties. More experienced investors may hold a variety of different types of properties. They might own several properties that they rent out and might have a fixer-upper or two, so they can sell it down the road.
The hardest part of the real estate investment process is finding good, quality properties with the potential to generate a high return on investment. Whether you are already in the real estate investment industry and are looking to acquire more properties, or you are just now getting your feet wet, we have some tips to help guide you through the process.
Ask around
Remember the phrase “if you never ask, you will never know?” Well, this phrase applies to the real estate industry. The first step to finding real estate properties is to ask people if they know of any investment properties for sale. You may not directly find someone that owns properties, but they might know of an acquaintance that has properties for sale or can point you in the right direction.
Hire a team of experts
If you are unfamiliar with the real estate investment industry or if you are not the best cold caller, you should consider working with Call Motivated Sellers and engaging a dedicated expert. Once you have asked around, the search does not end there. Most of the time, you will have to get on the phone with others to see if they have a property available. Many of these calls won’t be warm leads, meaning you won’t have any formal introduction to the people before you reach out to them.
Call Motivated Sellers are experts in cold calling. We have extensive knowledge and experience in cold calling, so we can help you find the best properties out there. Work with Call Motivated Sellers, and you’ll see more revenue coming in as you gain more leads while remaining focused on your investment properties. Check out our testimonial page to learn how we have helped others grow their business.
Another benefit of working with Call Motivated Sellers is the information that you will gather. If Call Motivated Sellers touches base with anyone who has an investment property, but they are not ready to sell, Call Motivated Sellers will collect their contact information as well as property information, so you have a group of people to contact further down the road. Perhaps we find an investment property that you are interested in, but the buyer isn’t quite ready to sell, you can hold onto the contact information so you can continue to reach out to the seller.
Browse online
There are several sites available that allow you to browse investment property listings. To search for the best properties out there, you will want to get ahead of the competition and identify quality properties before they go up for sale.
Social media networks, for example, are one of the best places you can expect to find people discussing their real estate property. Consider joining a Facebook group that is relative to real estate in your area. You can also try sites like Craigslist, where you can find foreclosed properties or other properties that may interest you.
Here are some other sites to consider:
Getting ahead for investment research means looking beyond MLS sites:
LoopNet: LoopNet is an excellent site for anything real estate related, but it is particularly useful for commercial real estate investing. Not only does this site list properties that are available for lease, but also investment properties.
Mashvisor: Mashvisor is a resource for you to find a variety of income property types. Mashvisor differs from other real estate listing sites because it provides you with the added benefit of investment property and neighborhood analysis. With this resource, as long as you have the necessary data, you can check the cap rate as well as the cash on cash return for a specific investment property.
Apartments.com: Some real estate investors are only interested in apartment space for investing. If this is the case for you, apartments.com is always a helpful tool. This source allows you to connect with tenants so you can market your property and build relationships with those in the building for future reference.
Trulia: Trulia is a popular site for real estate investors because you can conduct an accurate property search based on the criteria you enter. Trulia also has a user-friendly app, which is terrific for those who need frequent access.
Network
Once you engage Call Motivated Sellers to handle your cold calling efforts, you can do your part to maximize your success. Take advantage of any networking events in your area or reach out to other real estate investors. If you are looking to get your hands on as many properties as you can, your professional network will be a great value to you. You may find other investors wanting to sell their property, or they came across a property they are not interested in, but it might be an excellent opportunity for you. Expand your network, share ideas and discoveries, and you can expect to see your business take off!
Call Motivated Sellers:
Bringing leads right to your doorstep
The truth is, any day is a good day to get into real estate investments. The potential is uncapped, and unlike other investments, you have plenty of options. Are you ready to make this year the best year yet for your investments? Contact our team at Call Motivated Sellers to get started!