How to Find Good Investment Property

How_to_Find_Good_Investment_Property
How to Find Good Investment Property

Lots of investors are looking to get started, and as active real estate experts in Dallas, Tx., we get asked to share our secrets quite a bit. One of the biggest questions we get from local investors is “how to find a good investment property in Dallas, Tx.?”

Fortunately, we love to share :-). As we share what we do to find foreclosures houses is simply and you will find it’s really no different than what other’s do.

With the flood of foreclosure deals running through the area, they are becoming more apparent all the time with the high inflation in today’s environment. But that too will soon be all dried up (compared to where they were a few years back). People are having to get more creative in finding the best deals on great local investment properties.

We source our properties from a variety of marketing routes… online, offline, etc… so there is no one way that is the best way to find good investment properties in Dallas, Tx.

But the info below walks you through some ways you can put into action to find great properties to add to your investment portfolio.

Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.

That’s not how we work. We work with other investors to accomplish things together that we can’t do alone. We will share how to find good investment property, in the Dallas, Tx., area.

We share our learning and our philosophies here because we want to improve the quality of investment in Dallas, Tx., to build stronger communities. Ultimately, we’re all investing in the same places, so it makes sense to do it right.

How to Find Good Investment Property in Dallas, Tx.

There are a few core principles that are important to understanding if you want to get the best investment property deals. While we will share some information on how to find good investment property, in doing so, it will sometimes cause a buying or bidding war when we all seek to buy the very same property.

Yes, there are ways to over come a bidding war on real estate, but why go through all that? A bidding war can be more trouble some than people think. You want to know how to find good investment property, not a bidding war at an auction site or court house steps. Even today, when buying from a wholesaler, you can get into a bidding war. They are not a pleasant task.

First, think long term.

Real estate doesn’t move like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s almost impossible to make a huge amount of cash in a short-term real estate deal, those come few and far between.

So don’t expect to get away with fancy tricks, or that you’re smarter than the people who have been doing this stuff for years. Thinking long-term means learning from the past to better anticipate the future. Working with other investors or wholesalers is how to find good investment property, and if you find a good wholesaler you will have properties coming to you often.

It also means that if you don’t find the local investment properties you’re looking for right away… just know that this isn’t a sprint… it’s a marathon.

That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Dallas, Tx. Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.

Second, focus on relationships.

The investment community in Dallas, Tx. is much smaller than most people think. Yes it grows by the week at times, but some of newbies simply cannot stay with a program that works. Most of the newbies are younger and have never been in any type of business on they’re own. So, as they get into real estate investing, they hit road blocks that they just can’t over come.

There are only a handful of brokers and investors who conduct most of the business in the market. These are the people that know how to find good investment property.

They’re used to working with the same people on a regular basis. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now and in the future. get to know what they want to buy and what areas they buy in.

How do you get to know them? Go to your local REIA and find the people who are active and talk to them. Ask them which real estate agents they use, what wholesalers in the area are active (and get their info) and let everyone you can find know that you are looking for investment properties that fit your criteria. Learning how to find good investment property in Dallas, Tx., isn’t a hard thing… but relationships can be a key element in getting some of the best deals on properties that no one else has access to in the Dallas, Tx., market.

Who should you get to know?

  • A few of the top investment friendly real estate brokers in Dallas
  • A couple real estate appraisers who deal w/ the types of properties you deal with
  • The top handful of property wholesalers in the area
  • The top handful of property rehabbers/flippers in the area
  • Title agents that deal with investment properties a lot

Third, identify your target investments.

Investment is like many other aspects of life – the people who are the most focused often succeed the most. You have to find your niche. Some people make millions just in parking garages or storage units. How to find good investment property, is not the only item you must work on. Finding your preference of types of properties is the key.

Others specialize in residential apartments, while others deal strictly with retail. If you take the time to do your homework, you can analyze the different segments of the market to see which opportunities are truly the best for you – and not just the best marketed. Once you find exactly what you want to own, you can create a plan to find out who owns it and make sure that they know to call you when they want to sell that property.

This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.

Finally – use technology.

Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment. We rehab for fix and flip in Dallas county, but we also get calls from all over North Texas. Those calls we will wholesale to other’s as we will not work outside the county line.

We frequently source properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. There are other ways to get notified about properties on the open market – you should get familiar with searching the multiple listing services with the rest of the herd because every once in a blue moon a great deal shows up. Just another avenue on how to find good investment property in Dallas, Tx.

We don’t deal with average deals – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Dallas, Tx.

If you’re looking to seriously invest in local real estate, we’d love to chat with you to learn your wants, wishes, and objectives.

So hopefully you now know how to find good investment property, in Dallas, Tx. If you have questions give us a call or join our buyer’s list below!

Give us a call (214) 723-1304, or click here to go to our web site and fill out the form to get started now.

To Summarize

There are many good real estate housing deals to be purchased in Dallas, Tx. One only needs to be the first to address buying with the seller and making the correct offer is everything. Low ball the seller and you will not get another chance to make a ne offer. Most sellers know that they can contact many other buyers for they’re property and have no qualm about doing so.

So, make your first cash offer the best one. You should also be able to offer Sub2, Seller Financing, Owner Financing, yes the two are different. with all three, you can create a monthly income for the long term.

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

...or Call (214) 723-1304

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