How to Identify Good Real Estate Deals
Finding and then capitalizing on good deals are key to successful real estate investing. The most important thing is to do your research to ensure that you are making an informed and wise decision. Finding good real estate deals can be accomplished by: 1. Looking for Motivated Sellers - The main focus of your search for good real estate deals should be to find motivated sellers. Motivated sellers need to get rid of the property quickly and are willing to sell for less. These types of sellers are motivated by a number of factors that may include divorce, death, bankruptcy, and job loss. 2. Farming the Entire Area -Focus your research on an entire area rather than a specific neighborhood. If everything in the area is going for 50 dollars per square foot and you identify a property that is $20 per square foot, this is a deal that is worth looking into. The key is to learn how to recognize a good deal. 3. Focusing on the Deal Itself - While specific neighborhoods should be considered...